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of <h1>Prospectus Must Be Registered Under Section 60 of Companies Act, 1956; Non-Compliance Could Lead to Rs. 50K Fine.</h1> Section 60 of the Companies Act, 1956 mandates that a prospectus must be registered with the Registrar before its issuance. The prospectus must be signed by directors or their authorized agents and include consents from experts, relevant contracts, and any necessary adjustments. It must state that it has been registered and detail attached documents. The Registrar will only register a prospectus if it complies with specified sections and includes written consent from specified professionals. A prospectus cannot be issued more than 90 days after registration, and non-compliance can result in fines up to fifty thousand rupees.
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