Ministry of Corporate Affairs (MCA) has issued several amendments in certain rules made under Companies Act, 2013 on May 07 2018. This Article made an attempt to analyse important changes in Companies (Prospectus and Allotment of Securities) Rules, 2014, which was last amended by the Ministry of Corporate Affairs in New Delhi dated 15.02.2018.

The Central Government made Companies (Prospectus and Allotment of Securities) Amendment Rules, 2018, to further amend the Companies (Prospectus and Allotment of Securities) Rules, 2014. Ministry of Corporate Affairs issued a Notification in New Delhi, the 7th May, 2018 G.S.R. 430 (E) The Amendment made is presented in a tabular form below:

Existing Provision Provision Description                

Amendment

Rule 3 Information to be stated in the Prospectus Omitted
Rule 4 Reports to be set out in the Prospectus Omitted
Rule 5 Other matter and reports to be set out in the Prospectus Omitted
Rule 6 Period for which information to be provided in certain cases Omitted

For a summary of all the Rules notified by MCA read: Companies Amendment Act 2017-Summary of Rules Notification.

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