Prospectus interpretation: foreign-company offering documents treated as prospectuses while dealer-targeted offers are excluded from public offers. Documents by companies incorporated outside India that would be treated as prospectuses if the companies were domestic are deemed to be prospectuses for this Part, bringing foreign offering documents within prospectus regulation. Offers made to persons whose ordinary business is buying or selling securities are not treated as offers to the public, and the terms 'prospectus', 'shares' and 'debentures' carry the same meanings as for companies incorporated under the Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prospectus interpretation: foreign-company offering documents treated as prospectuses while dealer-targeted offers are excluded from public offers.
Documents by companies incorporated outside India that would be treated as prospectuses if the companies were domestic are deemed to be prospectuses for this Part, bringing foreign offering documents within prospectus regulation. Offers made to persons whose ordinary business is buying or selling securities are not treated as offers to the public, and the terms "prospectus", "shares" and "debentures" carry the same meanings as for companies incorporated under the Act.
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