TMI BlogMatters to be stated in prospectusX X X X Extracts X X X X X X X X Extracts X X X X ..... ion, the regulations made by the Securities and Exchange Board under the Securities and Exchange Board of India Act, 1992 (15 of 1992), 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 exist ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion or promotion or management, of the company and has given his written consent to the issue of the prospectus and has not withdrawn such consent before the delivery of a copy of the prospectus to the Registrar for 4 [ filing ] and a statement to that effect shall be included in the prospectus. (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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issue are to be transferred and disclosure of details of all monies including utilised and unutilised monies out of the previous issue in the prescribed manner; ( iv ) details about underwriting of the issue; ( v ) consent of the directors, auditors, bankers to the issue, expert's opinion, if any, and of such other persons, as may be prescribed; ( vi ) the authority for the issue and the details of the resolution passed therefor; ( vii ) procedure and time schedule for allotment and issue of securities; ( viii ) capital structure of the company in the prescribed manner; ( ix ) main objects of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs of the company with respect to its profits and losses and assets and liabilities and such other matters as may be prescribed; ( ii ) reports relating to profits and losses for each of the five financial years immediately preceding the financial year of the issue of prospectus including such reports of its subsidiaries and in such manner as may be prescribed: 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 such manner as may be prescribed, the reports relating to profits and losses for each of the financial years immediately preceding the financial year of the issue of prospectus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Registrar shall not register a prospectus unless the requirements of this section with respect to its registration are complied with and the prospectus is accompanied by the consent in writing of all the persons named in the prospectus. 6. Omitted vide THE COMPANIES (AMENDMENT) ACT, 2020 dated 28-09-2020 before it was read as with imprisonment for a term which may extend to three years or 7. Substituted vide THE COMPANIES (AMENDMENT) ACT, 2020 dated 28-09-2020 before it was read as three lakh rupees, or with both - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X
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