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Offer of shares or debentures for sale by certain persons

(1) No person who holds more than ten per cent of the shares or debentures of a company shall offer for sale to the public any share or debenture of the company held by him except with the approval of the Authority. (2) Any document by which an offer for sale to the public is made by any such person as is referred to in sub-section (1) s...


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