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30 Advertisement of prospectus.

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CHAPTER III

Section 30 of Companies Act 2013

Where an advertisement of any prospectus of a company is published in any manner, it shall be necessary to specify therein the contents of its memorandum as regards the objects, the liability of members and the amount of share capital of the company, and the names of the signatories to the memorandum and the number of shares subscribed for by them, and its capital structure.

Short Notes:

·        This sectioncame into force from September 12, 2013.

·        It provides thatwhere an advertisement of any prospectus of a company is published, it shallspecify therein the contents of memorandum as regards to the object, the liabilityof members and the amount of share capital, the name of the signatories and thenumber of shares subscribed by them and also its capital structure.

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