BUISENESS MANAGEMENT
RECORD KEEPING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Failure to retain the records in accordance with the regulations is a:
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disciplinary action.
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moral dilemma.
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gray area.
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criminal act.
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Explanation:
Detailed explanation-1: -Criminal breach of trust: Meaning and extent It must be proved that the beneficial interest in the property in respect of which the offence is alleged to have been committed was vested in some person other than the accused, and that the accused held that property on behalf of that person.
Detailed explanation-2: -Section 405 of the IPC, 1860 aims at defining in detail what is ‘Criminal Breach of Trust’. Moreover, Section 406 furnishes the punishment for criminal breach of trust that may be extended upto to a period of 3 years of imprisonment or fine or both.
Detailed explanation-3: -Imprisonment for 7 years, and fine.
There is 1 question to complete.