Question
As per the Companies Act, what is the minimum threshold
of fraud that attracts imprisonment and a fine?Solution
Section 447. Punishment for fraud: Without prejudice to any liability including repayment of any debt under this Act or any other law for the time being in force, 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 but which may extend to ten years and shall also be liable to fine which shall not be less than the amount involved in the fraud, but which may extend to three times the amount involved in the fraud.
As per Census of India 2011, which of the following states has the highest child sex ratio (in the age group of 0-6 years)?
What is the current CGAR (Compound Annual Growth Rate) of India's GDP (2024-25)?
Which bank announced a collaboration to develop a new credit card named 'Play' with BookMyShow.
Identify the correct statement.
What is the intermediate level in the Panchayati Raj Institutions called?
Sony Group Corp. has agreed to merge its India unit with which company to create the country’s largest broadcaster?
When did the Kalinga war take place during Mauryan dynasty?
__________has retained his Men's Singles title by winning 2018 Australian Open.
The President of 'Central Public Service Commission' can be removed by whom?
The Uttar Pradesh Government has made it mandatory for all students and teachers in madrasas of the state to sing ______ before commencing classes as pe...
