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Bare acts > Companies Act, 1956 > Section 68A
 
   


 

68A. Personation for acquisition, etc., of shares.—(1) Any person who—

(a) makes in a fictitious name an application to a company for acquiring, or subscribing for, any shares therein, or

(b) otherwise induces a company to allot, or register any transfer of, shares therein to him, or any other person in a fictitious name,

shall be punishable with imprisonment for a term which may extend to five years.

(2) The provisions of sub-section (1) shall be prominently reproduced in every prospectus issued by the company and in every form of application for shares which is issued by the company to any person.

 

 

 

 

 

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