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.
According to Code 86 of the Occupational Safety, Health and Working Conditions Code, 2020, what is the punishment for an employer who commits the same o...
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As per the definition of Prospectus under the Companies Act a prospectus means and includes___________
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Cultivate personally means under the Chhattisgarh land Revenue Code:
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In case of breakdown of constitutional machinery in a State, report is submitted to the President by the _________.
In the context of Part III of the Constitution, what does "the State" encompass?
What is the definition of "wrongful loss" as per IPC?
