PUNISHMENT FOR PERSONIFICATION OF A SHAREHOLDER
This article is written by Calista Chettiar, a Second-Year BA. LL.B. (Hons.) student from NMIMS, School of Law, Bangalore. INTRODUCTION: When one person or a group uses another’s name to buy stock in a company illegally, they are said to have “personified” those shares. For the same reason that insider trading, stock price manipulation, and…
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