New Disclosure format for Abridged prospectus

The Security Exchange Board of India has introduced a new format for abridged prospectus so that the investors can have a clear, streamlined and straightforward way to examine all the disclosures on the first page of the document.

The abridged prospectus is a summary of the prospectus, which mentions the details of key features of a prospectus as specified by the Capital market regulator. The companies act states that any person who wants to purchase securities must submit the form accompanied by a prospectus.