Private placement of shares out of Promoters’ Quota Prohibition on private placement of shares or collecting unofficial premia

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on private placement of shares or collecting unofficial premia It has come to the notice of Government that some companies utilise the services of brokers and other intermediaries for private placement of equity shares out of promoters' quota or otherwise, insert advertisements in the print media and also mass‑mail literature/material/brochures superscribed by the caption "Confidential/Fo....