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Private Placement Offers to Bordering Nations Need Prior Approval u/r 14 of Companies Rules 2014.

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Full Text of the Document

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....Private Placement - Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014 - offer or invitation of any securities under this rule shall be made to a body corporate incorporated in, or a national of, a country which shares a land border with India, shall be made only after prior approval....

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