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<h1>Section 26: key prospectus rules, mandatory disclosures, expert consents, filing deadlines and penalties for public companies</h1> Section 26 of the Companies Act, 2013 prescribes mandatory contents and formalities for a prospectus issued by or on behalf of a public company. It must be dated, signed, and contain information and financial reports as specified by the securities regulator in consultation with the Central Government, including a declaration of compliance with company and securities laws. Copies must be filed with the Registrar, signed by all named directors or proposed directors. Expert statements are permitted only with written consent from independent experts. The prospectus must indicate filing with the Registrar and referred documents, is invalid if issued after ninety days of filing, and contravention attracts monetary penalties on the company and responsible persons.