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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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