If a director of the company contravenes the provisions of Section 166, such director shall be punishable with fine which shall not be less than _____but which may extend to______.
A
Rs. 50,000; Rs. 2,00,000
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B
Rs. 75,000; Rs. 3,00,000
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C
Rs. 1,00,000; Rs. 5,00,000
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D
Rs. 2,00,000; Rs. 10,00,000
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Solution
The correct option is B Rs. 1,00,000; Rs. 5,00,000
If a director of the company contravenes the provisions of section 166 of the Companies Act, 2013 such director shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.