Question
What is the punishment for the person in charge of the
of the commercial organization and who is found to be guilty of an offence, under the Prevention of Corruption Act, 1988?Solution
Section 10 Person in charge of commercial organization to be guilty of offence.--Where an offence under section 9 is committed by a commercial organization, and such offence is proved in the court to have been committed with the consent or connivance of any director, manager, secretary or other officer shall be of the commercial organization, such director, manager, secretary or other officer shall be guilty of the offence and shall be liable to be proceeded against and shall be punishable with imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine
If the simple interest on a certain sum of money for 15 months at 3(1/2)% per annum exceeds the simple interest on the same sum for 9 months at 2(1/2)% ...
Rahul deposited an amount βQβ in a plan A and earned Rs. 300 as interest after one year. He then added Rs. 600 to the amount and re-invested the ent...
Aman invested a certain amount of money, splitting it into two equal parts. He placed one part in a simple interest scheme at an annual rate of 10% for ...
- A man invested Rs. 12000 in bank A at 10% p.a. compound interest for three years. The interest received from the bank A is Rs. 1472 more than the interest ...
Rs. 5000 is invested in scheme βAβ for 2 years and Rs. 8000 is invested in scheme βBβ for 2 years. Scheme βAβ offers simple interest of 16% ...
A and B started a business with initial investments of Rs. 25000 and Rs. 40000 respectively. After one year, a profit of Rs. 3250 is earned. A being a w...
Vikram invested Rs. 2400 at R% p.a. simple interest for 4 years and Rs. 800 at (R + 9)% p.a. simple interest for 8 years. If the total interest earned e...
Rs. 5000 when invested at simple interest of r% p.a. amounts to Rs. 7200 in 24 months. If the same sum had been invested for 1 year at compound interest...
A car with a price of Rs.6,50,000 is bought by making some down payment. On balance, a simple interest of 10% is charged in lump sum and the money is to...
A sum is lent on compound interest for 2 years at 13% p.a. If the compound interest on the sum is Rs.3045.9, find the sum.