Page 14 - IC46 addendum

General Insurance Accounts (IC-46)

to 5 times of fees received in case of
individuals.
b. Not less than 10 lakh rupees, which may
extend to 10 times of fees received in case
of firms.
c. Not less than 2 lakh rupees, which may extend
to 5 times of fees received in case of
individuals.
d. Not less than 20 lakh rupees, which may
extend to 10 times of fees received in case
of firms.
e. A and B is correct.
f. C and D is correct.

14. National Financial Reporting Authority
can debar a chartered accountant or the
firm for a period of____________ in case
of professional or other misconduct:

a. Minimum period of six months or such higher
period not exceeding 10 years.

b. Minimum period of 12 months or such higher
period not exceeding 10 years.

c. Minimum period of 12 months or such higher
period not exceeding 5 years.

d. Minimum period of six months or such higher
period not exceeding 20 years.

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