COMM0160 - Taxpublishers.in

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The Tax Publishers 5. Contents of prospectus As per section 56, every prospectus shall contain following : (a) Matters specified in Part I of Schedule II of the Companies Act, 1956. (b) Reports specified in Part II of Schedule II of the Companies Act, 1956. The Parts I and II of Schedule II shall have effect subject to the provisions contained in Part III of Schedule II. Any condition contained in prospectus which requires or binds an applicant of shares, etc., to waive compliance with any of the provisions of section 56, shall be void. Further, any condition which purports to affect an applicant with notice of any contract, document or matter not specifically referred to in the prospectus, shall be void. SEBIs Guidelines also require disclosures of certain information in the prospectus. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers 5. Contents of prospectus

As per section 56, every prospectus shall contain following :

(a) Matters specified in Part I of Schedule II of the Companies Act, 1956.

(b) Reports specified in Part II of Schedule II of the Companies Act, 1956.

The Parts I and II of Schedule II shall have effect subject to the provisions contained in Part III of Schedule II. Any condition contained in prospectus which requires or binds an applicant of shares, etc., to waive compliance with any of the provisions of section 56, shall be void. Further, any condition which purports to affect an applicant with notice of any contract, document or matter not specifically referred to in the prospectus, shall be void. SEBIs Guidelines also require disclosures of certain information in the prospectus.