Section 68-A further provides that the following provision

Section 68-A further provides that the following provision must be prominently printed in every prospectus and in every application form for shares issued by the company: “Any person, who makes in a fictitious name an application to a company for acquiring any shares therein, or otherwise induces a company to allot or register any transfer of shares therein to him or any other person in a fictitious name, Shell e punishable with imprisonment unto 5 years”. The purpose of this section is to prevent allotment of shares in fictitious names. As per the Latest Government’s Guidelines, it should also be printed in every prospectus and in every application form for shares issued by the company that “An applicant should submit only one application (and not more than one) for the total number of shares required. Application may be mad(; in single or joint names (not more than three). Two or more applications in single and/or joint names will be deemed to bl’ multiple application if the sale and/or the first applicant is one and the same. The Board of Directors reserves the right to reject in its absolute discretion all or any multiple applications. “In addition to the above statutory list of contents of a prospectus, the authors can give any such additional facts which may influence the judgment of the
prospective investor.