Question

If a company makes default in holding AGM, then fine imposed on the company & every officer of the company who is in default is upto ___________.

• A. 25,000
• B. 50,000
• C. 5,000
• D. 1,00,000

Answer 1

The correct option is D 1,00,000

If a company makes default in holding an annual general meeting.

Fine which may extend to Rs. 1,00,000 on the company and every officer of the company who is in default may be levied and for continuing default, with a further fine of Rs. 2500 per day during which the default continues may be levied.