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Title: Private Placement – Section 42 of Companies Act 2013 - PowerPoint PPT Presentation
Description: A company, its directors and promoters will be liable for a penalty if the company accepts monies or makes an offer in contravention of the Act and Rules. The penalty may extend to the amount involved in the invitation or offer or Rs.2 crore, whichever is higher. The company should also refund all monies to the subscribers within thirty days of the order imposing the penalty. – PowerPoint PPT presentation
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