Month: October 2020

Shelf Prospectus section 31, Red herring prospectus section 32. Oral Invitation is not a prospectus. Information memorandum+ shelf prospectus =Prospectus. Untrue statement in the prospectus will result in imprisonment of 10 years A company proposing to issue red herring prospectus shall file it with the registrar at least 3 days prior to the opening of the subscription list and the Read More …

Section 4 of the companies Act, 2013 seek to provide for the requirement with respect to the memorandum of a company. There are 7 clauses in the memorandum of Association. name clause, registered office or business location clause, objective or objects clause, liability clause, capital clause, as well as an association clause. Alteration of Memorandum can be done under section Read More …