Multiple choice

What is the penalty for not filing statement showing reason for resignation as auditor with ROC or CAG within 30 days?

  1. Rs. 50,000

  2. Rs. 5,00,000

  3. Rs. 50,000 to Rs. 5,00,000

  4. Rs. 10,00,000

  5. Rs. 50,000 to Rs. 10,00,000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

As per Section 140(2) of Companies Act, 2013, penalty will be levied between Rs. 50000 to Rs. 500000.

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