Abridged Prospectus: Section 33 Of Companies Act 2013

As per Section 33 of the Indian Companies Act, 2013 no form of application for the purchase of any of the company’s securities shall be issued unless an abridged prospectus accompanies such condition, a provision in the Companies Act 2013 related to issue of application forms for Securities is as under. Here you are going to absorb about : Prospectus of A Company Red Herring Shelf Prospectus Abridged Prospectus Section 33 of Companies Act 2013 What is a Prospectus? [Section 2(70) of Companies Act 2013] Prospectus means any document described or issued as a prospectus and includes red herring as referred to in section 32 or shelf prospectus referred in section 31 or any notice, circular, advertisement, or other document inviting deposits from the public or inviting offers from the public for subscription or purchase of any securities of a body corporate In Layman’s terms – Any document inviting deposits from the public or inviting offers from the public for subscription of shares in or debentures of a company is called Prospectus.