ACCEPTIng CASH MORE THAN 2 LACS FOR SINGLE EVent. to buy lic policy


This query is : Open 

13 September 2017 dear sir I want to know if an institution takes a policy of rs 500000 in cash what penalty will applied for the institution amt taken in 3 transactions 200000 in single day in 4 days but policy completed only one

14 September 2017 Penalty upto 100% will be imposed.............

14 September 2017 how can we avoid penalty

14 September 2017 and who bear penalty lic or his employee

14 September 2017 Mail me on rash.0903@gmail.com for suggestion to avoid penalty


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