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What is the consequence if a company fails to comply with an order passed under Section 245?
  • a)
    The company's directors will be removed from their positions.
  • b)
    The company will be immediately wound up.
  • c)
    The company will be barred from raising capital.
  • d)
    The company and its officers will be subject to fines and imprisonment.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the consequence if a company fails to comply with an order pas...
If a company fails to comply with an order passed under Section 245, the company will be punishable with a fine ranging from five lakh rupees to twenty-five lakh rupees. Additionally, officers of the company who are in default may face imprisonment for a term up to three years and a fine ranging from twenty-five thousand rupees to one lakh rupees.
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What is the consequence if a company fails to comply with an order passed under Section 245?a)The company's directors will be removed from their positions.b)The company will be immediately wound up.c)The company will be barred from raising capital.d)The company and its officers will be subject to fines and imprisonment.Correct answer is option 'D'. Can you explain this answer?
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What is the consequence if a company fails to comply with an order passed under Section 245?a)The company's directors will be removed from their positions.b)The company will be immediately wound up.c)The company will be barred from raising capital.d)The company and its officers will be subject to fines and imprisonment.Correct answer is option 'D'. 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 consequence if a company fails to comply with an order passed under Section 245?a)The company's directors will be removed from their positions.b)The company will be immediately wound up.c)The company will be barred from raising capital.d)The company and its officers will be subject to fines and imprisonment.Correct answer is option 'D'. 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 consequence if a company fails to comply with an order passed under Section 245?a)The company's directors will be removed from their positions.b)The company will be immediately wound up.c)The company will be barred from raising capital.d)The company and its officers will be subject to fines and imprisonment.Correct answer is option 'D'. Can you explain this answer?.
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