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<h1>Shelf Prospectus Validity Under Section 31 of Companies Act 2013: Key Rules for Public Securities Offers</h1> Section 31 of the Companies Act, 2013, allows certain companies to file a shelf prospectus with the Registrar for public offers of securities. This prospectus remains valid for up to one year from the date of the first offer. No new prospectus is needed for subsequent offers within this period. Companies must submit an information memorandum detailing any significant financial changes since the last offer before issuing new securities. If applicants have already paid for securities before changes occur, they must be informed and given the option to withdraw and receive refunds. The shelf prospectus and information memorandum together are considered a prospectus.