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Karnataka_Value_Added_Tax_Act,_2003

Section / Rule Number Content


55 Dating of prospectus
55A Powers of Securities and Exchange Board of India
56 Matters to be stated and reports to be set out in prospectus
57 Expert to be unconnected with formation or management of company
58 Expert's consent to issue of prospectus containing statement by him
58A Deposits not to be invited without issuing an advertisement
58AA Small depositors
58AAA Default in acceptance or refund of deposits to be cognizable
58B Provisions relating to prospectus to apply to advertisement
59 Penalty and interpretation
60 Registration of prospectus
61 Terms of contract mentioned in prospectus or statement in lieu of prospectus, not to be varied
62 Civil liability for mis-statements in prospectus
63 Criminal liability for mis-statements in prospectus
64 Document containing offer of shares or debentures for sale to be deemed prospectus
65 Interpretation of provisions relating to prospectuses
66 Newspaper advertisements of prospectus
67 Construction of references to offering shares or debentures to the public, etc.
68 Penalty for fraudulently inducing persons to invest money
68A Personation for acquisition, etc., of shares
69 Prohibition of allotment unless minimum subscription received
70 Prohibition of allotment in certain cases unless statement in lieu of prospectus delivered to registrar
71 Effect of irregular allotment
72 Applications for, and allotment of, shares and debentures
73 Allotment of shares and debentures to be dealt in on stock exchange
74 Manner of reckoning fifth, eighth and tenth days in sections 72 and 73
75 Return as to allotments
76 Power to pay certain commissions and prohibition of payment of all other commissions, discounts, etc.
77 Restrictions on purchase by company, or loans by company for purchase, of its own or its holding company's shares
77A Power of company to purchase its own securities
77AA Transfer of certain sums to capital redemption reserve account
77B Prohibition for buy-back in certain circumstances
78 Application of premiums received on issue of securities
79 Power to issue shares at a discount
79A Issue of sweat equity shares
80 Power to issue redeemable preference shares
81 Further issue of capital
60A Shelf prospectus
60B Information memorandum
68B Initial offer of securities to be in dematerialised form in certain cases
80A Redemption of irredeemable preference shares, etc

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