Prospectus ‑ Advance approval of prospectus in draft stage before it is actually delivered to Registrar for registration - Companies Law - No. 128/HCC/64,

Circular : No. 128/HCC/64, dated 27 ‑ 7 ‑ 1964. Subject:- Prospectus ‑ Advance approval of prospectus in draft stage before it is actually delivered to Registrar for registration It has been suggested by a Chamber of Commerce that it would be desirable to adopt some system of advance approval of the prospectus in the draft stage, i.e., before it is actually delivered to the Registrar for registration. In this connection, attention of all the Registrars is invited to the decision taken at the Fifth Conference of Regional Directors and Registrars of Companies held in September 1961, vide the penultimate paragraph of the decision on item No. 9 in the Agenda for the Conference. It is presumed that the informal arrangement contemplated therein for scrutiny of the draft prospectuses by the Registrars has been given effect to in all the offices. If, however, this has not been done in any office, the Registrar concerned is advised to give effect to the arrangement without further delay.