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The Companies Act, 2013

Chapter IV - Share Capital And Debenture (43-72)

Section 57- Punishment for personation of shareholder.

[Notification/Effective Date: 12.09.2013]

Section 57- Punishment for personation of shareholder. [Corresponds to Section 116 of the Companies Act,1956]

If any person deceitfully personates as an owner of any securities 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 securities 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.