Question
What is the punishment for guilty of fraud involving an
amount of at least 10 lakh rupees or 1% of the turnover of the company, as per Companies Act, 2013?Solution
As per section 447 of Companies Act 2013 - Any person who is found to be guilty of fraud involving an amount of at least ten lakh rupees or one percent. of the turnover of the company, whichever is lower, shall be punishable with imprisonment for a term which shall not be less than six months which may extend to ten years.
The Life Insurance Corporation of India ( LIC ) purchased shares of Hindustan Unilever Limited at an average cost of __________ per share .
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What milestone did Elon Musk achieve with a net worth of $400 billion in 2024?
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To digitise the insurance marketplace to the benefit of policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) has launched ...
The Reserve Bank of India has increased the threshold limit for Banks to maintain Liquidity Coverage Ratio (LCR) on deposits and other extension of fund...
Which ministry hosted the 'Run for Sun' Marathon in New Delhi to celebrate International Sun Day?
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