https://www.taxtmi.com/article/detailed?id=13447 A company that raised funds through a prospectus may not vary contract terms or alter prospectus objects except by a special resolution passed by postal ballot. The postal ballot notice must detail original objects, total funds raised, utilisation, unutilised amount, extent of achievement, particulars and reasons for the proposed variation, timeline, clause wise details, risk factors and other material information. The company must publish the notice (Form PAS 1) in an English and vernacular newspaper, place it on its website, offer dissenting shareholders an exit, and obtain applicable regulatory clearance before proceeding. en-us Sat, 01 Feb 2025 09:55:45 +0530 Sat, 01 Feb 2025 09:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13447 A company that raised funds through a prospectus may not vary contract terms or alter prospectus objects except by a special resolution passed by postal ballot. The postal ballot notice must detail original objects, total funds raised, utilisation, unutilised amount, extent of achievement, particulars and reasons for the proposed variation, timeline, clause wise details, risk factors and other material information. The company must publish the notice (Form PAS 1) in an English and vernacular newspaper, place it on its website, offer dissenting shareholders an exit, and obtain applicable regulatory clearance before proceeding. Articles Corporate Laws / IBC / SEBI Sat, 01 Feb 2025 09:55:45 +0530 https://www.taxtmi.com/article/detailed?id=13447