Section 33 of CA 2013 : Section 33: Issue Of Application Forms For Securities

CA 2013

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Explanation using Example

Imagine a start-up company, "Tech Innovations Ltd.", planning to raise funds by issuing new shares. Before they can release any application forms for these shares, according to Section 33(1) of the Companies Act, 2013, they must ensure that each form is accompanied by an abridged prospectus. This prospectus provides potential investors with key information about the company's financials, risks, and the securities being offered.

However, if "Tech Innovations Ltd." is approaching only a select group of investors...

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