Section - 68A - Personation for acquisition, etc., of shares
[Personation for acquisition, etc., of shares.68A. (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.]
9. Inserted by the Companies (Amendment) Act, 1965, w.e.f. 15-10-1965.
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