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<h1>Personation in share applications criminalised, and prospectuses must warn of penal consequences for fictitious-name allotments.</h1> Personation for share acquisition is criminalised: using a fictitious name to apply for, induce allotment of, or secure registration of transfer of shares constitutes a punishable offence, and the prohibition must be prominently reproduced in every prospectus and every form of application for shares issued by the company.