States the procedure of alteration of contents of prospectus ........

Companies Act-Phase (I & II) Prospectus

States the procedure of alteration of contents of prospectus?

General meeting – Special resolution shall be passed

The prescribed details of the notice shall be published in two newspaper, one in English and other vernacular language, circulating in the city in which the registered office of the company is situated

Both a and b

None of the above

छोटे Courses बड़े Results

Master Prospectus

Prepare through Micro-courses

Try Now

Explanation:

As per companies act Sec 27.

(1) A company shall not, at any time, vary the terms of a contract referred to in the prospectus or objects for which the prospectus was issued, except subject to the approval of, or except subject to an authority given by the company in general meeting by way of special resolution:

Provided that the details, as may be prescribed, of the notice in respect of such resolution to shareholders, shall also be published in the newspapers (one in English and one in vernacular language) in the city where the registered office of the company is situated indicating clearly the justification for such variation: