SECTION 57. PUNISHMENT FOR PERSONATION OF SHAREHOLDER
[Effective from 12th September, 2013]
If any person deceitfully personates as an owner of any security or interest in a company, or of any share warrant or coupon issued in pursuance of this Act, and thereby obtains or attempts to obtain any such security or interest or any such share warrant or coupon, or receives or attempts to receive any money due to any such owner, he shall be punishable with imprisonment for a term which shall not be less than one year but which may extend to three years and with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.
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Reading this post reminds me of my old room mate! He always kept
talking about this. I will forward this post to him. Fairly certain he will have a good read.
Thank you for sharing!
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curious what all is needed to get setup? I’m assuming having a blog like yours would
cost a pretty penny? I’m not very internet smart so I’m not 100% positive.
Any recommendations or advice would be greatly appreciated.
Kudos
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providing.