TaxTMI 
TaxTMI 
Prospectus Advertisement in newspapers - Suggested proforma
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.... Clarification 2] on the above subject. The matter has been reconsidered by the Government in detail in the light of the suggestions made by the Chambers and Stock Exchanges in reply to this Department's circular under reference. It would appear that some of these bodies have not fully appreciated the object underlying the proposal of this Department to evolve a suitable form of announcement in ne....
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....e of capital being published by companies at present ‑ containing as they do copious extracts from the relevant prospectuses filed with the Registrar of Companies are not in conformity with law, it is regretted, it is not possible to agree to the suggestions of some Chambers that further information should be disclosed than that contemplated in the proforma circulated earlier. On a careful ....
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...., the directors and other persons concerned would render themselves liable to the penalties under the law and also to the payment of compensation to every person who subscribes for any shares or debentures of the company on the faith of the announcement. ANNEXURE : PROFORMA OF ANNOUNCEMENT REGARDING THE PROPOSED ISSUE OF CAPITAL 1. Name of the company and the address of the registered office ....