https://www.taxtmi.com/acts?id=17335 Making or abetting fictitious or multiple applications for a company's securities, or inducing allotment or transfers in fictitious names, attracts liability under section 447; the prohibition must be prominently reproduced in every prospectus and application form. On conviction the court may order disgorgement of gains and seizure and disposal of securities, with recovered amounts credited to the Investor Education and Protection Fund. en-us Sat, 02 Mar 2013 11:07:38 +0530 Fri, 28 Nov 2025 13:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17335 Making or abetting fictitious or multiple applications for a company's securities, or inducing allotment or transfers in fictitious names, attracts liability under section 447; the prohibition must be prominently reproduced in every prospectus and application form. On conviction the court may order disgorgement of gains and seizure and disposal of securities, with recovered amounts credited to the Investor Education and Protection Fund. Act-Rules Companies Law Sat, 02 Mar 2013 11:07:38 +0530 https://www.taxtmi.com/acts?id=17335