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of <h1>Issuing company securities requires an abridged prospectus, except for underwriters or private offerings. Penalty: 50,000 per violation.</h1> No application form for purchasing company securities can be issued without an accompanying abridged prospectus, except when related to a bona fide underwriting agreement invitation or non-public securities offerings. A prospectus copy must be provided upon request before the subscription list and offer close. Non-compliance with these provisions results in a penalty of fifty thousand rupees per default.
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