Section 32 of Companies Act, 2013 – Red Herring Prospectus
SECTION 32. RED HERRING PROSPECTUS [Effective from 12th September, 2013] (1) A company proposing to make an offer of securities may issue a red herring prospectus prior to the issue of a prospectus. (2) A company proposing to issue a red herring prospectus under sub-section (1) shall file it with the Registrar at least three… Read More
Section 31 of Companies Act, 2013 – Shelf Prospectus
SECTION 31. SHELF PROSPECTUS [Effective from 12th September, 2013] (1) Any class or classes of companies, as the Securities and Exchange Board may provide by regulations in this behalf, may file a shelf prospectus with the Registrar at the stage of the first offer of securities included therein which shall indicate a period not exceeding… Read More
Section 30 of Companies Act, 2013 – Advertisement of Prospectus
SECTION 30. ADVERTISEMENT OF PROSPECTUS [Effective from 12th September, 2013] Where an advertisement of any prospectus of a company is published in any manner, it shall be necessary to specify therein the contents of its memorandum as regards the objects, the liability of members and the amount of share capital of the company, and the… Read More
Section 29 of Companies Act, 2013 – Public Offer of Securities to be in Dematerialised Form
SECTION 29. PUBLIC OFFER OF SECURITIES TO BE IN DEMATERIALISED FORM [Effective from 12th September, 2013] (1) Notwithstanding anything contained in any other provisions of this Act,— (a) every company making public offer; and (b) such other class or classes of [5] [***] companies as may be prescribed, shall issue the securities only in dematerialised form… Read More
Section 28 of Companies Act, 2013 – Offer of Sale of Shares by Certain Members of Company
SECTION 28. OFFER OF SALE OF SHARES BY CERTAIN MEMBERS OF COMPANY [Effective from 1st April, 2014] (1) Where certain members of a company propose, in consultation with the Board of Directors to offer, in accordance with the provisions of any law for the time being in force, whole or part of their holding of… Read More
Section 27 of Companies Act, 2013 – Variation In Terms Of Contract or Objects in Prospectus
SECTION 27. VARIATION IN TERMS OF CONTRACT OR OBJECTS IN PROSPECTUS [Effective from 1st April, 2014] (1) A company shall not, at any time, vary the terms of a contract referred to in the prospectus or objects for which the prospectus was issued, except subject to the approval of, or except subject to an authority… Read More
Section 26 of Companies Act, 2013 – Matters to be Stated in Prospectus
SECTION 26. MATTERS TO BE STATED IN PROSPECTUS [Effective from 1st April, 2014] (1) Every prospectus issued by or on behalf of a public company either with reference to its formation or subsequently, or by or on behalf of any person who is or has been engaged or interested in the formation of a public… Read More
Section 25 of Companies Act, 2013 – Document Containing Offer of Securities for Sale to be Deemed Prospectus
SECTION 25. DOCUMENT CONTAINING OFFER OF SECURITIES FOR SALE TO BE DEEMED PROSPECTUS [Effective from 12th September, 2013 except sub-section (3)] [Sub-section (3) is effective from 1st April, 2014] (1) Where a company allots or agrees to allot any securities of the company with a view to all or any of those securities being offered… Read More
Section 24 of Companies Act, 2013 – Power of Securities and Exchange Board to Regulate Issue and Transfer of Securities, etc.
SECTION 24. POWER OF SECURITIES AND EXCHANGE BOARD TO REGULATE ISSUE AND TRANSFER OF SECURITIES, ETC. [Effective from 12th September, 2013] (1) The provisions contained in this Chapter, Chapter IV and in section 127 shall,— (a) in so far as they relate to— (i) issue and transfer of securities; and (ii) non-payment of dividend, by… Read More
Section 23 of Companies Act, 2013 – Public Offer and Private Placement
SECTION 23. PUBLIC OFFER AND PRIVATE PLACEMENT [Effective from 12th September, 2013 except clause (b) of sub-section (1) and sub-section (2)] [Clause (b) of sub-section (1) and sub-section (2) is effective from 1st April, 2014] (1) A public company may issue securities— (a) to public through prospectus (herein referred to as "public offer”) by complying… Read More
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