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of <h1>Section 68A: Personation in Share Acquisition is a Crime with Up to Five Years' Imprisonment, Must Be in Prospectus</h1> Section 68A of the Companies Act, 1956, addresses the offense of personation in the acquisition of shares. It states that any individual who applies for or induces the allotment or registration of shares in a fictitious name is subject to imprisonment for up to five years. This provision must be clearly included in every company prospectus and share application form. This section was added by the Companies (Amendment) Act of 1965.
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