Category: Transaction Advisory
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Section 38 Punishment for personation for acquisition, etc., of securities.
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer [Section 25 (partly) is brought to force with effect from September 12, 2013.] Punishment for personation for acquisition, etc., of securities. Section 38. (1) Any person who— (a) makes or abets making of an application in a fictitious name to a company for acquiring, or…
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Section 37 Action by affected persons.
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer [Section 37 is brought to force with effect from September 12, 2013.] Action by affected persons. Section 37. A suit may be filed or any other action may be taken under section 34 or section 35 or section 36 by any person, group of persons…
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Section 36 Punishment for fraudulently inducing persons to invest money
Punishment for fraudulently inducing persons to invest money CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer [Section 36 is brought to force with effect from September 12, 2013.] Section 36. Any person who, either knowingly or recklessly makes any statement, promise or forecast which is false, deceptive or misleading, or deliberately conceals any…
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Section 35 Civil liability for misstatements in prospectus
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer [Section 35 (partly) is brought to force with effect from September 12, 2013.] Provisions marked N.A. are not yet brought to force. Civil liability for misstatements in prospectus Section 35. (1) Where a person has subscribed for securities of a company acting on any statement…
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Section 34 Criminal liability for misstatements in prospectus
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer [Section 34 is brought to force with effect from September 12, 2013.] Criminal liability for misstatements in prospectus Section 34. Where a prospectus, issued, circulated or distributed under this Chapter, includes any statement which is untrue or misleading in form or context in which it…
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Section 33 Issue of application forms for securities.
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer [Section 33 (partly) is brought to force with effect from September 12, 2013.] Provisions marked N.A. are not yet brought to force. Issue of application forms for securities. Section 33. (1) No form of application for the purchase of any of the securities of a…
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Section 32 Red herring prospectus
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer [Section 32 is brought to force with effect from September 12, 2013.] Red herring prospectus Section 32. (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…
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Section 31 Shelf prospectus
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer [Section 31 is brought to force with effect from September 12, 2013.] Shelf prospectus Section 31. (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…
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Section 30 Advertisement of prospectus
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer Advertisement of prospectus [Section 30 is brought to force with effect from September 12, 2013.] Section 30. 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…
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Section 29 Public offer of securities to be in dematerialised form.
CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer Public offer of securities to be in dematerialised form. [Section 29 is brought to force with effect from September 12, 2013.] Section 29. (1) Notwithstanding anything contained in any other provisions of this Act,— (a) every company making public offer; and (b) such other class…
