https://www.taxtmi.com/circulars?id=10701 Section 56 mandates that every prospectus disclose specified matters and reports, and Section 66 allows narrow omissions for newspaper advertisements; publishing extracts or abridged prospectuses in newspapers contravenes full-disclosure requirements, creates statutory and civil liability risks, and may mislead investors. The Department therefore proposes a prescribed proforma announcement-a bare newspaper notice directing investors to obtain the full prospectus from brokers, bankers or the company's registered office-and requires such announcements to be published sufficiently in advance of the subscription opening to allow investors to procure and consider the complete prospectus. en-us Tue, 06 Feb 1962 00:00:00 +0530 Thu, 16 Jun 2011 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10701 Section 56 mandates that every prospectus disclose specified matters and reports, and Section 66 allows narrow omissions for newspaper advertisements; publishing extracts or abridged prospectuses in newspapers contravenes full-disclosure requirements, creates statutory and civil liability risks, and may mislead investors. The Department therefore proposes a prescribed proforma announcement-a bare newspaper notice directing investors to obtain the full prospectus from brokers, bankers or the company's registered office-and requires such announcements to be published sufficiently in advance of the subscription opening to allow investors to procure and consider the complete prospectus. Circulars Companies Law Tue, 06 Feb 1962 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10701