Question

What is the penalty for alteration, destruction, etc., of records and failure to protect the electronic database of Board?

A Not less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits, whichever is higher

B Not less than one lakh rupees but which may extend to five times the amount of profits

C Not less than one lakh rupees but which may extend to ten crore rupees or three times the amount of profits, whichever is higher

D Not less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees

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