Any person who makes an application in a fictitious name to the company for acquiring or subscribing...........

Companies Act-Phase (I & II) Prospectus

Any person who makes an application in a fictitious name to the company for acquiring or subscribing for its securities or makes multiple applications to a company in different names for acquiring or subscribing for its securities, shall be liable for:

Fraud under section 447 of Companies Act,2013

Liable for breach of trust

Liable for breach of contract

None of the above

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Explanation:

As per section 38 of Companies Act,2013, any person who makes an application in a fictitious name to the company for acquiring or subscribing for its securities or makes multiple applications to a company in different names for acquiring or subscribing for its securities, shall be liable for Fraud under section 447 of Companies Act,2013.