Cos 389 — Registration of prospectus

Companies Act, 2013

Statutory text

No person shall issue, circulate or distribute in India any prospectus offering  for subscription  in  securities  of  a  company  incorporated  or  to  be  incorporated  outside  India, whether  the  company  has  or  has  not  established,  or  when  formed  will  or  will  not  establish,  a  place  of business in India, unless before the issue, circulation or distribution of the prospectus in India, a copy thereof certified by the chairperson of the company and two other directors of the company as having been approved by resolution of the managing body has been delivered for registration to the Registrar and the prospectus states on the face of it that a copy has been so delivered, and there is endorsed on or attached to the copy, any consent to the issue of the prospectus required by section 388 and such documents as may be prescribed.

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