Prospectus and allotment rules establish regulatory framework for securities, superseding prior rules and commencing under Companies Act.

Notification promulgates the Companies (Prospectus and Allotment of Securities) Rules, 2014 under the Companies Act, 2013, using powers conferred by specified sections; the rules govern prospectuses and allotment of securities and supersede the Companies (Central Government's) General Rules and Forms, 1956 and other rules under the 1956 Act insofar as they cover the same matters, while preserving actions done or omitted before such supersession; the rules are titled accordingly and commence on the 1st day of April, 2014.

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