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What is the punishment for the offence of "fraud" under the Companies Act 2013?
  • a)
    Imprisonment for a term not exceeding three years and a fine
  • b)
    Imprisonment for a term not less than six months and not exceeding ten years, along with a fine
  • c)
    Fine only, with no imprisonment
  • d)
    Imprisonment for a term not exceeding two years and a fine
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the punishment for the offence of "fraud" under the ...
Section 447 of the Companies Act 2013 defines "fraud" and stipulates that the punishment for fraud includes imprisonment for a term not less than six months but which may extend to ten years, along with a fine. The term and fine depend on the nature and extent of the fraudulent activity.
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What is the punishment for the offence of "fraud" under the Companies Act 2013?a)Imprisonment for a term not exceeding three years and a fineb)Imprisonment for a term not less than six months and not exceeding ten years, along with a finec)Fine only, with no imprisonmentd)Imprisonment for a term not exceeding two years and a fineCorrect answer is option 'B'. Can you explain this answer?
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What is the punishment for the offence of "fraud" under the Companies Act 2013?a)Imprisonment for a term not exceeding three years and a fineb)Imprisonment for a term not less than six months and not exceeding ten years, along with a finec)Fine only, with no imprisonmentd)Imprisonment for a term not exceeding two years and a fineCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the punishment for the offence of "fraud" under the Companies Act 2013?a)Imprisonment for a term not exceeding three years and a fineb)Imprisonment for a term not less than six months and not exceeding ten years, along with a finec)Fine only, with no imprisonmentd)Imprisonment for a term not exceeding two years and a fineCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the punishment for the offence of "fraud" under the Companies Act 2013?a)Imprisonment for a term not exceeding three years and a fineb)Imprisonment for a term not less than six months and not exceeding ten years, along with a finec)Fine only, with no imprisonmentd)Imprisonment for a term not exceeding two years and a fineCorrect answer is option 'B'. Can you explain this answer?.
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