Companies prospectus rules amendment removes specified procedural rules and takes effect on Gazette publication immediately. The Central Government, under powers conferred by section 26 read with section 469 of the Companies Act, 2013, notifies the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2018, which come into force on publication in the Official Gazette and provide for the omission of rules 3, 4, 5 and 6 from the Companies (Prospectus and Allotment of Securities) Rules, 2014.
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Companies prospectus rules amendment removes specified procedural rules and takes effect on Gazette publication immediately.
The Central Government, under powers conferred by section 26 read with section 469 of the Companies Act, 2013, notifies the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2018, which come into force on publication in the Official Gazette and provide for the omission of rules 3, 4, 5 and 6 from the Companies (Prospectus and Allotment of Securities) Rules, 2014.
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