Multiple Choice Questions on Defaulting officer of a Company which fails to constitute a proper NRC can be ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Defaulting officer of a Company which fails to constitute a proper NRC can be ........

Companies Act-Phase (I & II) Board-powersandMeetings
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    Defaulting officer of a Company which fails to constitute a proper NRC can be :

    Imprisoned for upto 1 year OR Fined from 25000 to 100000 OR Both

    Correct Answer

    Imprisoned for upto 6 months OR Fined upto 10000 OR Both

    Incorrect Answer

    No Imprisonment. Fine from 10000 to 50000

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:
    Penalty:
    • Company  =Fine which shall not be less than Rs.1,00,000/- but which may extend to Rs5,00,000/-
    • Officer = Imprisonment for a term which may extend to one year orFine which shall not be less than Rs.25,000/- but which may extend to Rs.1,00,000/- orwith both

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