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[Cites 0, Cited by 8] [Section 59] [Entire Act]

Union of India - Subsection

Section 59(1) in The Companies Act, 1956

(1)If any prospectus is issued in contravention of section 57 or 58, the company, and every person, who is knowingly a party to the issue thereof, shall be punishable with fine which may extend to [fifty thousand rupees].