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States the non-applicability of Section 26 of the companies Act, 2013
Not applicable to existing shareholders or debentures
Is not applicable to issue of shares or debentures of similar nature which are already issued by the company
Both a and b
None of the above
As per Section 26 of the Companies Act, 2013, Contents of prospectus.
Nothing in sub-section (1) shall apply—
(a) to the issue to existing members or debenture-holders of a company, of a prospectus or form of application relating to shares in or debentures of the company, whether an applicant has a right to renounce the shares or not under sub-clause (ii) of clause (a) of sub-section (1) of section 62 in favour of any other person; or
(b) to the issue of a prospectus or form of application relating to shares or debentures which are, or are to be, in all respects uniform with shares or debentures previously issued and for the time being dealt in or quoted on a recognized stock exchange.
By: Srishti Gupta ProfileResourcesReport error
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