Section 447: Restriction on canvassing for sale of securities

447. Restriction on canvassing for sale of securities.—(1) No person shall go from house to house offering securities of a foreign company for subscription or purchase to the public or any member of the public. Explanation.−In this sub-section, “house” shall not include an office used for business purposes. (2) Any contravention or default in complying with requirement of this section shall be an offence liable to a penalty of level 3 on the standard scale.

Effective date: 2017-05-30

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