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of <h1>Impersonating Shareholders for Fraudulent Gains Can Lead to 3-Year Imprisonment Under Companies Act 1956</h1> If a person deceitfully impersonates an owner of shares or interests in a company, or any share warrant or coupon issued under the Companies Act, 1956, and obtains or attempts to obtain such shares, interests, or related payments, they face imprisonment for up to three years and a fine. This provision aims to penalize fraudulent activities involving the personation of shareholders to protect the integrity of share ownership and transactions.
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