Section 33 of the Companies Act, 2013: Issue of application forms for securities

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.


*Effective from:

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)

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