India Updates Companies Act 1956: Changes to Prospectus Rules and Secretary Qualifications Announced.

The circular issued by the Government of India's Ministry of Finance and Company Affairs on October 11, 2002, communicates amendments to the Companies Act, 1956, and the Companies (Appointment and Qualifications of Secretary) Rules, 1988. It includes two notifications: G.S.R. 650(E), dated September 17, 2002, concerning amendments to Schedule II of the Companies Act regarding prospectuses, and G.S.R. 651(E), a corrigendum to a previous notification, addressing amendments to the secretary appointment and qualification rules. The circular is directed to all Regional Directors and Registrars of Companies for their information and necessary action.