Multiple Choice Questions on Failure to give BM Notice shall result in the following Penalty to the defaulting Officer of the Com........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Failure to give BM Notice shall result in the following Penalty to the defaulting Officer of the Com...........

Companies Act-Phase (I & II) Board-powersandMeetings
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    Failure to give BM Notice shall result in the following Penalty to the defaulting Officer of the Company:

    Rs. 25000/-

    Correct Answer

    Rs. 25000/- + Rs. 100/- for every day default continues

    Incorrect Answer

    Rs. 10000/-

    Incorrect Answer

    Rs. 10000/- + Rs 100/- every day the default continues

    Incorrect Answer
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    Explanation:

    In case of failure to give the notice of Board meeting as required under section 173, every officer of the company whose duty is to give notice shall be liable to a penalty of ` 25,000.

    By: Srishti Gupta
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