Question
What is the maximum number of people that can be
offered securities for subscription through private placement in a single financial year?Solution
Explanation: Private placement means any offer or invitation to subscribe or issue of securities to a select group of persons by a company. The select group of persons should have been identified by the Board and offer or invitation to subscribe securities shall not be made to persons more than two hundred in the aggregate in a financial year, excluding QIBs and employees.
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