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Section 68A – The Companies Act,1956

The Companies Act, 1956

68A. Personation for acquisition, etc., of shares.

1[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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1. Ins. by Act 31 of 1965, sec. 8 (w.e.f. 15-10-1965).

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The Companies Act, 1956

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