What is the maximum compensation that can be imposed on an organization for negligence in implementing reasonable security practices as defined in Section 43A of ITAA, 2008?
I'm torn between B and C, but I think I'll go with C. After all, 15 crores is a lot of money, and 4% of global turnover could be even higher. Better to play it safe and avoid the wrath of the regulators!
Well, the question clearly states 'maximum compensation', so I'm going to go with Option C. 15 crores or 4% of global turnover seems like the highest potential penalty.
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