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ASSERTION: According to sec 42 of the companies act, 2013, private placement means any offer of securities or invitation to subscribe to a selected group of persons. REASON: Employees Stock Option Plan is also a type of private placement of shares.(i) Both A and R are correct (ii) Both A and R are in correct (iii) A is correct but R is not correct (iv) A is incorrect by R is correct |
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Answer» (iii) A is correct but R is not correct |
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