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Penalty for furnishing incorrect information in reports or certificates

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Full Text of the Document

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....ation in reports or certificates. (1) Any accountant or merchant banker or registered valuer, shall be liable to pay a penalty of Rs.10000 for any incorrect information in any report or certificate....

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Full Text of the Document

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.... by such authority in the course of any proceedings under this Act. (4) In this section,- (a) "merchant banker" means Category I merchant banker registered with the Securities and Exchange....

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