MINISTRY OF CORPORATE AFFAIRS

MINISTRY OF CORPORATE AFFAIRS

Section 26 (1) of the Companies Act 2013 is modified to empower SEBI to prescribe the contents of prospectus in consultation with MCA.The contents of prospectus issued by the public companies during a public offer to provide information/reports on financial information aligning to the SEBI regulations as specified by SEBI in consultation with MCA.Till the time SEBI specifies the information/ reports on financial information, the regulations made by it under the SEBI Act 1992, in respect of such financial information/ reports on financial information shall stand applicable.