Laws-2003

55 Dating of prospectus 55A Powers of Securities and Exchange Board of India 56 Matters to be stated and reports to be set out in prospectus 57 Expert to be unconnected with formation or management of company 58 Expert’s consent to issue of prospectus containing statement by him 58A Deposits not to be invited without issuing an advertisement 58AA Small depositors 58AAA Default in acceptance or refund of deposits to be cognizable 58B Provisions relating to prospectus to apply to advertisement 59 Penalty and interpretation 60 Registration of prospectus 61 Terms of contract mentioned in prospectus or statement in lieu of prospectus, not to be varied 62 Civil liability for mis-statements in prospectus 63 Criminal liability for mis-statements in prospectus 64 Document containing offer of shares or debentures for sale to be deemed prospectus 65 Interpretation of provisions relating to prospectuses 66 Newspaper advertisements of prospectus 67 Construction of references to offering shares or debentures to the public, etc. 68 Penalty for fraudulently inducing persons to invest money 68A Personation for acquisition, etc., of shares 69 Prohibition of allotment unless minimum subscription received 70 Prohibition of allotment in certain cases unless statement in lieu of prospectus delivered to registrar 71 Effect of irregular allotment 72 Applications for, and allotment of, shares and debentures 73 Allotment of shares and debentures to be dealt in on stock exchange 74 Manner of reckoning fifth, eighth and tenth days in sections 72 and 73 75 Return as to allotments 76 Power to pay certain commissions and prohibition of payment of all other commissions, discounts, etc. 77 Restrictions on purchase by company, or loans by company for purchase, of its own or its holding company’s shares 77A Power of company to purchase its own securities 77AA Transfer of certain sums to capital redemption reserve account 77B Prohibition for buy-back in certain circumstances 78 Application of premiums received on issue of securities 79 Power to issue shares at a discount 79A Issue of sweat equity shares 80 Power to issue redeemable preference shares 81 Further issue of capital 60A Shelf prospectus 60B Information memorandum 68B Initial offer of securities to be in dematerialised form in certain cases 80A Redemption of irredeemable preference shares, etc