New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is the maximum penalty that has to be paid if a

    trade union fails to file returns?
    A 50 rupees Correct Answer Incorrect Answer
    B 100 rupees Correct Answer Incorrect Answer
    C 200 rupees Correct Answer Incorrect Answer
    D 500 rupees Correct Answer Incorrect Answer

    Solution

    If a registered Trade Union fails to give any notice or send any required statement or document, every office-bearer or person responsible according to their rules, or any member of the executive, may be fined up to five rupees. If the default continues, an additional fine of up to five rupees per week may be imposed, but the total fine cannot exceed fifty rupees.

    Practice Next

    Relevant for Exams: