TMI BlogDating of prospectus and particulars to be contained therein.X X X X Extracts X X X X X X X X Extracts X X X X ..... incorporated or to be incorporated outside India, whether the company has or has not established, or when formed will or will not establish, a place of business in India, unless the prospectus is dated; and (a) contains particulars with respect to the following matters: (i) the instrument constituting or defining the constitution of the company; (ii) the enactments o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Schedule: Provided that sub-clauses (i), (ii) and (iii) of clause (a) shall not apply in the case of a prospectus issued more than two years after the date at which the company is entitled to commence business; and in the application of Part I of Schedule II for the purposes of this sub-section, clause (a) thereof shall have effect with the substitution, for references to the articles, of refe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on was issued in connection with a bona fide invitation to a person to enter into an under writing agreement with respect to the shares or debentures. (4) In the event of non-compliance with or contravention of any of the requirements imposed by clauses (a) and (b) of sub-section (1), a director or other person responsible for the prospectus shall not incur any liability by reason of the non-com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ledge of the matters not disclosed. (5) This section ___ (a) shall not apply 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 for shares or debentures will or will not have the right to renounce in favour of other persons; and (b) except in so far as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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