Prospectus and Allotment of Securities

According to Companies Act,2013  Company after incorporation issue a prospects ( if it is a public company). There are given various sections of companies Act, 2013 that deal with prospectus and allotment of shares.

Part I – Public offer

23.Public offer and private placement.

24.Power of Securities and Exchange Board to regulate issue and transfer of of securities, etc.

25.Document containing offer of securities for sale to be deemed prospectus.

26.Matters to be started in prospectus.

27.Variation in terms of contract or objects in prospectus.

28.Offer of sale of shares by certain members of company.

29.Public offer of securities to be in dematerialised form.

30.Advertisement of prospectus.

31.Shelf prospectus.

32.Red herring prospectus.

33.Issue of application forms for securities.

34.Criminal liability for mis – statement in prospectus.

35.Civil liability for mis – statement in prospectus.

36.Punishment for fraudulently including persons to invest money.

37.Action by affected persons.

38.Punishment for personation for acquisition, etc., of securities.

39.Allotment of securities by company.

40.Securities to be dealt with in stock exchanges.

41.Global depository receipt.