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(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.]
(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.
1. Inserted by Companies (AMENDMENT) Act, 1965 w.e.f. 15-10-1965
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