Section 25.Document containing offer of securities for sale to be deemed prospectus: (1) Where a company allots or agrees to allot any securities of the company with a view to all or any of those securities being offered for sale to the public, any document by which the offer for sale to the public is made shall, for all purposes, be deemed to be a prospectus issued by the company; and all enactments and rules of law as to the contents of prospectus and as to liability in respect of mis-statements, in and omissions from, prospectus, or otherwise relating to prospectus, shall apply with the modifications specified in sub-sections (3) and (4) and shall have effect accordingly, as if the securities had been offered to the public for subscription and as if persons accepting the offer in respect of any securities were subscribers for those securities, but without prejudice to the liability, if any, of the persons by whom the offer is made in respect of mis-statements contained in the document or otherwise in respect thereof.
For which discovery did Victor Ambros and Gary Ruvkun receive the 2024 Nobel Prize in Physiology or Medicine?
Which of the following fintech firm became the first online bond platform provider to receive a debt brokerage license from SEBI?
Which bank’s recent (Nov 2024) integration with Swift GPI benefit customers making international money transfers?
Who has been appointed as the CEO and MD of the National Investment and Infrastructure Fund?
The National Stock Exchange of India (NSE) has slammed Angel One for failing to monitor the operations of its authorized persons (APs), which resulted i...
Consider the following statements aboutGreen rising initiative:
1. Recently, UNESCO in collaboration with India's Ministry of Environment...
When did former England cricket captain Alastair Cook retire from professional cricket?
Who has been appointed as the new Executive Director by the Reserve Bank of India?
Which aerospace company has signed an MoU with Safran Aircraft Engines of France to develop industrial cooperation in manufacturing ring forgings for co...
Who has become the second youngest Indian to score a fifty in T20I cricket?