Share application form to accompany abridged prospectus

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..... of a company unless the form is accompanied by a memorandum containing such salient features of a prospectus as may be prescribed. The Government have recently revised the format of this memorandum (abridged prospectus) to provide for greater disclosure of information to prospective investors so as to enable them to take an informed decision regarding investment in shares and debentures. It has, h .....

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..... same to the company or its designated bankers. The same procedure be also followed while making available copies of the prospectus under section 56 of the Act. In this connection, it may be pointed out that contravention of the provisions of section 56(3) is punishable with fine which may extend to Rs. 5,000. The Registrars of Companies are being advised to ensure strict compliance with these prov .....

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