{"id":79952,"date":"2023-11-13T17:45:39","date_gmt":"2023-11-13T12:15:39","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?post_type=act&#038;p=79952"},"modified":"2023-11-13T17:45:42","modified_gmt":"2023-11-13T12:15:42","slug":"section-33","status":"publish","type":"act","link":"https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-33\/","title":{"rendered":"Section 33. Issue Of Application Forms For Securities"},"content":{"rendered":"\n<div class=\"wp-block-group is-layout-constrained\"><div class=\"wp-block-group__inner-container\">\n<p>(1) No form of application for the purchase of any of the securities of a company shall be issued unless such form is accompanied by an abridged prospectus:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Provided that nothing in this sub-section shall apply if it is shown that the form of application was issued&#8211;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(a) in connection with a&nbsp;<em>bona fide<\/em>&nbsp;invitation to a person to enter into an underwriting agreement with respect to such securities; or<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(b) in relation to securities which were not offered to the public.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(2) A copy of the prospectus shall, on a request being made by any person before the closing of the subscription list and the offer, be furnished to him.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(3) If a company makes any default in complying with the provisions of this section, it shall be liable to a penalty of fifty thousand rupees for each default.<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>(1) No form of application for the purchase of any of the securities of a company shall be issued unless such form is accompanied by an abridged prospectus: Provided that nothing in this sub-section shall apply if it is shown that the form of application was issued&#8211; (a) in connection with a&nbsp;bona fide&nbsp;invitation to a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":79763,"parent":79755,"menu_order":0,"template":"","format":"standard","meta":[],"categories":[11445],"tags":[1007],"acf":{"service_id":"215"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 33. 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