New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the punishment for providing false evidence

    under the Companies Act?
    A Imprisonment for a term which shall not be less than three years but which may extend to seven years Correct Answer Incorrect Answer
    B Imprisonment for a term which shall not be less than seven years but which may extend to ten years Correct Answer Incorrect Answer
    C With fine which may extend to ten lakh rupees Correct Answer Incorrect Answer
    D Both a & c Correct Answer Incorrect Answer
    E Both b & c Correct Answer Incorrect Answer

    Solution

    Section 449. Punishment for false evidence: Save as otherwise provided in this Act, if any person intentionally gives false evidence— (a) upon any examination on oath or solemn affirmation, authorized under this Act; or (b) in any affidavit, deposition or solemn affirmation, in or about the winding up of any company under this Act, or otherwise in or about any matter arising under this Act, he shall be punishable with imprisonment for a term which shall not be less than three years but which may extend to seven years and with fine which may extend to ten lakh rupees.

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