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Business Environment and Law-Prospectus And Statement In Lieu Of Prospectus

Shelf Prospectus And Information Memorandum [Section 60A And 60 B]: - Prospectus And Statement In Lieu Of Prospectus

   Posted On :  08.05.2018 08:12 am

The Companies (Amendment) Act, 2000 has introduced two new sections, viz., Sections 60A and 60B relating to ‘Shelf Prospectus’ and ‘Information Memorandum’ respectively.

Shelf Prospectus And Information Memorandum [Section 60A And 60 B]:
 
 
The Companies (Amendment) Act, 2000 has introduced two new sections, viz., Sections 60A and 60B relating to ‘Shelf Prospectus’ and ‘Information Memorandum’ respectively. ‘Shelf prospectus’ means a prospectus issued by any financial institution or bank for one or more issues of the securities or class of securities specified in that prospectus.
 

Information Memorandum (Section 60B):

 
 
‘Information Memorandum’ means a process undertaken prior to the filing of a prospectus by which a demand for the securities proposed to be issued by a company is elicited, and the price and the terms of issue for such securities is assessed by means of a notice, circular, advertisement or document [Section 2(19B)].

 

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