(3) No person shall issue to any person in India a form of application for shares in or debentures of such a company or intended company as is mentioned in sub-section (1), unless the form is issued with a prospectus which complies with the provisions of this part and the issue whereof in India does not contravene the provisions of : Provided that this sub-section shall not apply if it is shown that the form of application was issued in connection with a invitation to a person to enter into an under writing agreement with respect to the shares or debentures.(4) In the event of non-compliance with or contravention of any of the requirements imposed by clauses ( ) the non-compliance or contravention was in respect of matters which, in the opinion of the Court dealing with the case, were immaterial, or was otherwise such as ought in the opinion of that Court, having regard to all the circumstances of the case, reasonably to be excused : Provided that, in the event of failure to include in a prospectus a statement with respect to the matters contained in clause 18 of Schedule II, no director or other person shall incur any liability in respect of the failure, unless it be proved that he had knowledge of the matters not disclosed.Since the Prospectus MSS must date from before MS B, for which they provide the copy text, they cannot have been written any later than September 1806. A range of possible dates prior to 1806 have been put forward.In terms of content, arguments were originally made for 1798 ( March, 1798, which states: I have written 1300 lines of a poem in which I contrive to convey most of the knowledge of which I am possessed.United States Code Title 15,77j outlines in detail the regulations concerning the information required to be given in detail in a prospectus.
Vicki A Benge began writing professionally in 1984 as a newspaper reporter.Black Rock Investments calls a mutual fund prospectus "the most direct route to full fund disclosure." Investment companies known as mutual funds must update the information yearly, if needed.Thus, a prospectus for a mutual fund would be good for one year or less.(2) Any condition requiring or binding an applicant for securities to waive compliance with any requirement imposed by virtue of sub-section (1), or purporting to impute him with notice of any contract, documents or matter not specifically referred to in the prospectus, shall be void.(3) No person shall issue to any person in India a form of application for securities of such a company or intended company as is mentioned in sub-section (1), unless the form is issued with a prospectus which complies with the provisions of this Chapter and such issue does not contravene the provisions of : Provided that this sub-section shall not apply if it is shown that the form of application was issued in connection with a bona fide invitation to a person to enter into an underwriting agreement with respect to securities.