alleryStart learning →Before imposing a penalty under s.454(4), the adjudicating officer must give what?
APrior court sanction
BPrior SEBI approval
CNotice to the auditor
DReasonable hearing
Answer & Solution
Correct answer: D. Reasonable hearing
The company and the defaulting officer must first get a reasonable opportunity of being heard.
Keep practising Miscellaneous Provisions, Adjudication, Special Courts, NCLT, e-Filing
Browse all Miscellaneous Provisions, Adjudication, Special Courts, NCLT, e-Filing questions for CA Final, or explore more Law topics.
Related questions
Before removing the NCLT President or a Member under s.417(1), the Government consults whoRemoval of an NCLT Member for proved misbehaviour needs an inquiry by whom, under s.417(2)Members carrying on business in breach of s.464(1) are what, under s.464(3)?Which body is exempt from the s.464(1) cap on association size?Under the proviso to s.464(1), the prescribed number of persons in an association cannot eBefore granting relief under s.463(3), the court must serve a show-cause notice on whom?Under s.463(1), a court may relieve an officer if he acted in what manner?Condonation of delay under s.460 requires what?