The Companies Act, 2013
Chapter-III Prospectus and allotment of Securities
Part I- Public Offer
Section 33: Issue of application forms for securities.
*33. (1) No form of application for the purchase of any of the securities of a company shall be issued unless such form is accompanied by an abridged prospectus:
Provided that nothing in this sub-section shall apply if it is shown that the form of application was issued—
(a) in connection with a bona fide invitation to a person to enter into an underwriting agreement with respect to such securities; or
(b) in relation to securities which were not offered to the public.
(2) A copy of the prospectus shall, on a request being made by any person before the closing of the subscription list and the offer, be furnished to him.
(3) If a company makes any default in complying with the provisions of this section, it shall be liable to a penalty of fifty thousand rupees for each default.
Reference
| Notification No. | Notification Date | w.e.f | Provisions brought into force |
| S.O. 2754(E) | 12.09.2013 | 12.09.2013 | Section 33 [Except Sub-section (3)] |
| S.O. 902(E) | 26.03.2014 | 01.04.2014 | Sub-section (3) |
Access complete Bare Act here. To research Section and sub-section wise judgments, visit here.
Follow for daily updates: