Question
Consider the following statements regarding violations and penalties under the Companies Act, 2013: Statement 1: Violation of director duties under Section 166 attracts criminal penalties only if fraud is involved. Statement 2: Failure to file financial statements and annual returns can result in both civil and criminal penalties. Statement 3: A director who causes the company to default in performing statutory duties can be held liable up to Rs. 5 lakhs or imprisonment up to 5 years. Statement 4: The company can be held liable separately from its directors for violations of the Act. Which statements are correct?
More Other Laws and Acts Questions
- Under Section 4 of the Limited Liability Partnership (LLP) Act, 2008, what is the legal relationship between the provisions of the Indian Partnership Act, ...
- What does misrepresentation mean as laid down under the Contract Act?
- Which of the following is not a Public document as per BSA?
- A loud music that can be heard through the common wall of adjacent apartments at midnight can be classified as
- As per S. 15 of Civil Procedure Code, suit shall be instituted__________?
- Instruments of gift of immovable property is a document for which, as per Section 17 of the Registration Act, 1908, ___________________________.
- How many FAO/WHO Coordinating Committees are there?
- A small company is a company whose paid-up capital and turn over shall________________
- A criminal conspiracy is cooked among minimum ______ persons and is punishable under section _______ of the Indian Penal Code?
- Which section of The Limitation Act, 1963 deals with the Expiry of prescribed period when court is closed?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)