Section 30: Advertisement of prospectus
This section requires companies to include specific details from their memorandum in any prospectus advertisement.
The section, clause by clause
What the section says
In plain terms
Where an advertisement of any prospectus of a company is published in any manner, it shall be necessary to specify therein the contents of its memorandum as regards the objects, the liability of members and the amount of share capital of the company, and the names of the signatories to the memorandum and the number of shares subscribed for by them, and its capital structure.
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
Amendment notes
- 1. The word “public” omitted by Act 22 of 2019, s. 7 (w.e.f. 15-8-2019).
- 2. Ins. by s. 7, ibid. (w.e.f. 15-8-2019).
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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.