All India Bar Examination (AIBE) 20 (XX) Previous Year Question Papers with Answers

Practice Mode:
92.

A company, registered under The Companies Act, 2013, is required to file a declaration of commencement of business before starting operations. The directors ignore this obligation, and the firm commences business activities without filing the declaration. How much penalty can be imposed on the company by the Registrar concerned for such non-compliance?

A: ₹25,000
B: ₹50,000
C: ₹75,000
D: ₹1,00,000

The answer is: B