Penalty for furnishing incorrect information in reports or certificates

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....tion 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 fu....

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....h 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 Board of India ....