Section 68A - Personation for acquisition, etc., of shares. - Companies Act, 1956

Personation for acquisition, etc., of shares. [1] [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.] ------------------------------------ Notes:- [1] Inserted by the Companies (Amendment) Act 1965, 31 of 1965, section 8, w.e.f. 15-10-1965.