In ques no. 5 part a can we quote penalty of section 392 because altered documents not submitted within 30 days. Sec 392 states that if person contravenes the provision of the Act then they r liable to such penalty.
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Yes you can quote the penalty u/s 392. However the question has asked only the consequences of failure on the “validity of contracts” . So giving information about penalty would be additional as it is not required by the question.