Step 1: Concept
Disproportionation of Chlorine in basic media.
Step 2: Analysis
* Cold, dilute: $Cl_2 + 2NaOH \rightarrow NaCl + NaClO + H_2O$ (Hypochlorite).
* Hot, concentrated: $3Cl_2 + 6NaOH \rightarrow 5NaCl + NaClO_3 + 3H_2O$ (Chlorate, not Perchlorate).
Step 3: Conclusion
Perchlorate ($ClO_4^-$) is not the product in hot concentrated NaOH; Chlorate ($ClO_3^-$) is. Statement (D) is incorrect.
Final Answer: (D)