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Question

If any person contravenes or attempts to contravene or abets the contravention of the provisions of the PFRDA Act, he shall be punishable with __________

A Imprisonment for a term which may extend to ten years Correct Answer Incorrect Answer
B Imprisonment for a term which may extend to ten years, or with or without fine Correct Answer Incorrect Answer
C Imprisonment for a term which may extend to ten years, or with fine, which may extend to twenty-five crore rupees Correct Answer Incorrect Answer
D Imprisonment for a term which may extend to ten years, or with fine, which may extend to twenty-five crore rupees or with both Correct Answer Incorrect Answer
E Imprisonment for a term which may extend to ten years, and fine of twenty-five crore rupees or with both Correct Answer Incorrect Answer

Solution

Section 32.  Offences: (1) Without prejudice to any award of penalty by the member under this Act, if any person contravenes or attempts to contravene or abets the contravention of the provisions of this Act or of any rules or regulations made thereunder, he shall be punishable with imprisonment for a term which may extend to ten years, or with fine, which may extend to twenty-five crore rupees or with both.

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