(1) A “remedial order” is an order for the purpose of putting a person affected by anything done in contravention of section 755 (prohibition of public offers by private company) in the position he would have been in if it had not been done.
(2) The following provisions are without prejudice to the generality of the power to make such an order.
(3) Where a private company has—
(a) allotted securities pursuant to an offer to the public, or
(b) allotted or agreed to allot securities with a view to their being offered to the public,
a remedial order may require
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