https://www.taxtmi.com/acts?id=18474 Payment of commission on subscription or procurement of a company's securities is permitted only if authorized in the articles of association, funded from issue proceeds or profits or both, and subject to prescribed rate limits; commissions may not be paid on securities not offered to the public. The prospectus must disclose the underwriters, the rate and amount of commission, and the number of securities underwritten, and the contract for payment of commission must be filed with the Registrar on submission of the prospectus. en-us Tue, 01 Apr 2014 09:47:49 +0530 Wed, 11 Mar 2026 16:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18474 Payment of commission on subscription or procurement of a company's securities is permitted only if authorized in the articles of association, funded from issue proceeds or profits or both, and subject to prescribed rate limits; commissions may not be paid on securities not offered to the public. The prospectus must disclose the underwriters, the rate and amount of commission, and the number of securities underwritten, and the contract for payment of commission must be filed with the Registrar on submission of the prospectus. Act-Rules Companies Law Tue, 01 Apr 2014 09:47:49 +0530 https://www.taxtmi.com/acts?id=18474