Section 26 - Matters to be stated in prospectus - Companies Act, 2013

..... 992), in respect of such financial information or reports on financial information shall apply.] - 2[***] (c) make a declaration about the compliance of the provisions of this Act and a statement to the effect that nothing in the prospectus is contrary to the provisions of this Act, the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and the Securities and Exchange Board of India Act, 1992 (15 of 1992) and the rules and regulations made thereunder; and 3[***] (2) Nothing in sub-section (1) shall apply- (a) to the issue to existing members or debenture-holders of a company, of a prospectus or form of application relating to shares in or debentures of the company, whether an applicant has a right to renounce the shares or not under s .....

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Section 26 - Matters to be stated in prospectus - Companies Act, 2013

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..... pectus. (6) Every prospectus issued under sub-section (1) shall, on the face of it,- (a) state that a copy has been delivered for 4[filing] to the Registrar as required under sub-section (4); and (b) specify any documents required by this section to be attached to the copy so delivered or refer to statements included in the prospectus which specify these documents. 5[****] (8) No prospectus shall be valid if it is issued more than ninety days after the date on which a copy thereof is delivered to the Registrar under sub-section (4). (9) If a prospectus is issued in contravention of the provisions of this section, the company shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to three lakh r .....

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Section 26 - Matters to be stated in prospectus - Companies Act, 2013

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..... structure of the company in the prescribed manner; (ix) main objects of public offer, terms of the present issue and such other particulars as may be prescribed; (x) main objects and present business of the company and its location, schedule of implementation of the project; (xi) particulars relating to- (A) management perception of risk factors specific to the project; (B) gestation period of the project; (C) extent of progress made in the project; (D) deadlines for completion of the project; and (E) any litigation or legal action pending or taken by a Government Department or a statutory body during the last five years immediately preceding the year of the issue of prospectus against the promoter of the company; (xii) minimum subscriptio .....

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Section 26 - Matters to be stated in prospectus - Companies Act, 2013

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..... re made up, being a date not more than one hundred and eighty days before the issue of the prospectus: Provided that in case of a company with respect to which a period of five years has not elapsed from the date of incorporation, the prospectus shall set out in the prescribed manner, the reports made by the auditors upon the profits and losses of the business of the company for all financial years from the date of its incorporation, and assets and liabilities of its business on the last date before the issue of prospectus; and (iv) reports about the business or transaction to which the proceeds of the securities are to be applied directly or indirectly;" 3. Omitted vide The Companies (Amendment) Act, 2017 Dated 03-01-2018 w.e.f. 07th .....

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Section 26 - Matters to be stated in prospectus - Companies Act, 2013

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