law: Companies Act, 2013 
  38.
  
   Punishment
  
  for personation for acquisition, etc., of securities.
  1.      Any person who—
  a.     
  
    makes
  
  or abets making of an application in a fictitious name to a company for
  
  acquiring, or subscribing for, its securities; or
  b.    
  
    makes
  
  or abets making of multiple applications to a company in different names or in
  
  different combinations of his name or surname for acquiring or subscribing for
  
  its securities; or
  c.     
  
    otherwise
  
  induces directly or indirectly a company to allot, or register any transfer of,
  
  securities to him, or to any other person in a fictitious name, shall be liable
  
  for action under section 447.
  1.     
  2.      The provisions of
  
  sub-section (1 ) shall be prominently reproduced in every prospectus
  
  issued by a company and in every form of application for securities.
  3.      Where a person has
  
  been convicted under this section, the Court may also order disgorgement of
  
  gain, if any, made by, and seizure and disposal of the securities in possession
  
  of, such person.
  4.      The amount received
  
  through disgorgement or disposal of securities under subsection
  5.      shall be credited to
  
  the Investor Education and Protection Fund.