Prospectus declaration requirement mandates compliance with Companies Act and SEBI guidelines and prohibits contrary statements. Amendment substituted the Part III Declaration in Schedule II to require compliance with the Companies Act, 1956 and relevant Government or Securities and Exchange Board of India guidelines, and to state that no prospectus contains statements contrary to the Companies Act, the Securities and Exchange Board of India Act, 1992 or rules or guidelines made thereunder; the notification is effective on publication pursuant to the enabling power in the Companies Act.
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Provisions expressly mentioned in the judgment/order text.
Prospectus declaration requirement mandates compliance with Companies Act and SEBI guidelines and prohibits contrary statements.
Amendment substituted the Part III Declaration in Schedule II to require compliance with the Companies Act, 1956 and relevant Government or Securities and Exchange Board of India guidelines, and to state that no prospectus contains statements contrary to the Companies Act, the Securities and Exchange Board of India Act, 1992 or rules or guidelines made thereunder; the notification is effective on publication pursuant to the enabling power in the Companies Act.
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