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    Question

    Section 42 restricts private placement to “identified

    persons”. Consider: (1) Maximum limit is 200 persons per financial year. (2) Offer cannot be made using public advertisements. (3) Money must be received through banking channels. (4) Allotment must be completed within 90 days.
    A 1, 2, 3 Correct Answer Incorrect Answer
    B 2 and 3 Correct Answer Incorrect Answer
    C 1, 2, 4 Correct Answer Incorrect Answer
    D 2, 3, 4 Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Limits, procedural rules, banking channels and timeline are all part of Section 42/RPA Rules.

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