https://www.taxtmi.com/acts?id=12343 A public company may circulate an information memorandum before filing a prospectus but must file a red-herring prospectus at least three days before opening subscriptions; both carry prospectus obligations. Any variation between the information memorandum and red-herring prospectus must be highlighted and individually intimated to invitees. Advance subscription monies, post-dated cheques or stock-invest must not be encashed before opening unless subscribers are individually notified of variations and offered an opportunity to withdraw; withdrawal is exercisable within seven days. Applications acted on without proper variation notice are void and subscribers are entitled to refund and interest. A final prospectus stating total capital raised and previously incomplete particulars must be filed on closing. en-us Fri, 06 May 2011 15:45:47 +0530 Sat, 07 May 2011 10:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12343 A public company may circulate an information memorandum before filing a prospectus but must file a red-herring prospectus at least three days before opening subscriptions; both carry prospectus obligations. Any variation between the information memorandum and red-herring prospectus must be highlighted and individually intimated to invitees. Advance subscription monies, post-dated cheques or stock-invest must not be encashed before opening unless subscribers are individually notified of variations and offered an opportunity to withdraw; withdrawal is exercisable within seven days. Applications acted on without proper variation notice are void and subscribers are entitled to refund and interest. A final prospectus stating total capital raised and previously incomplete particulars must be filed on closing. Act-Rules Companies Law Fri, 06 May 2011 15:45:47 +0530 https://www.taxtmi.com/acts?id=12343