Multiple Choice Questions on In case of failure to give notice of Board Meeting every officer in default shall be liabl........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

In case of failure to give notice of Board Meeting every officer in default shall be liabl...........

Companies Act-Phase (I & II) Board-powersandMeetings
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    In case of failure to give notice of Board Meeting, every officer in default shall be liable to a penalty of:

    Rs. 5,000/- 

    Incorrect Answer

    Rs. 25,000/- 

    Correct Answer

    Rs. 50,000/- 

    Incorrect Answer

    Rs.1,00,000/- 

    Incorrect Answer
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    Explanation:

    As per section 173(4) of companies Act, 2013, every officer of the company whose duty is to give notice and who fails to do so, shall be liable to a penalty of Rs. 25,000/-.

    By: Vikas Goyal
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