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Union of India - Section

Section 68A in The Companies Act, 1956

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.]