Prospectus disclosure: offerings by foreign-incorporated companies must be dated, signed and include prescribed incorporation particulars. Prospectus for securities of a company incorporated outside India must be dated, signed and disclose prescribed particulars: the company's constitutional instrument, the enactment under which it was incorporated, an Indian inspection address (with certified English translations if needed), the date and country of incorporation, and whether a place of business in India exists and its principal office. Certain particulars need not be supplied if the prospectus is issued more than two years after the company may commence business. Waivers of these requirements are void; application forms must accompany a compliant prospectus, with limited exemptions for members, debenture holders and uniform securities.
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Provisions expressly mentioned in the judgment/order text.
Prospectus disclosure: offerings by foreign-incorporated companies must be dated, signed and include prescribed incorporation particulars.
Prospectus for securities of a company incorporated outside India must be dated, signed and disclose prescribed particulars: the company's constitutional instrument, the enactment under which it was incorporated, an Indian inspection address (with certified English translations if needed), the date and country of incorporation, and whether a place of business in India exists and its principal office. Certain particulars need not be supplied if the prospectus is issued more than two years after the company may commence business. Waivers of these requirements are void; application forms must accompany a compliant prospectus, with limited exemptions for members, debenture holders and uniform securities.
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