X Ltd. has issued its prospectus for raising capital, which includes a statement which is untrue or misleading in form or context in which it is included. It was found that such statement was made with authorisation of Mr. X, who is Chartered Accountant and engaged with the company to manage their public issue.
(a) Mr. X is liable to be punished u/s 147 of Companies Act, 2013.
(b) Mr. X is liable to be punished u/s 447 of Companies Act, 2013.
(c) Mr. X is liable to be punished under sections 147 as well as 447 of Companies Act, 2013.
(d) Mr. X is not liable for any punishment.
its on Sec 34, answer given is “d”, but as per me it should be “a” 

answer should be option b as per sec 34 person is liable under section 447

Correct it should be “b” i made a typo error