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    Question

    A private company wants to issue shares to selected

    individuals through a private placement. Which section of the Companies Act, 2013 governs this process?
    A Section 42 Correct Answer Incorrect Answer
    B Section 62 Correct Answer Incorrect Answer
    C Section 73 Correct Answer Incorrect Answer
    D Section 123 Correct Answer Incorrect Answer

    Solution

    Section 42 of the Companies Act, 2013 governs private placement of securities by a company to a select group of persons through a private offer letter.

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