MCA Notifies Companies (Prospectus and Allotment of Securities) Amendment Rules 2024

The Ministry of Corporates Affairs (MCA) has notified the Companies (Prospectus and Allotment of Securities) Amendment Rules 2024 via issuing a Notification.

The Notification Read as Follows:

In exercise of the powers conferred by Section 26, sub-section (1) of Section 27, section 28, section 29, sub-section (2) of Section 31, sub-sections (3) and (4) of Section 39, sub-section (6) of section 40 and section 42 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Prospectus and Allotment of Securities) Rules, 2014.

These rules may be called the Companies (Prospectus and Allotment of Securities) Amendment Rules, 2024. They shall come into force on the date of their publication in the Official Gazette.

In the Companies (Prospectus and Allotment of Securities) Rules, 2014, in sub-rule (2) of rule 9B, the following proviso shall be inserted, namely: ―

“Provided that a producer company covered under this sub-rule shall, within five years of closure of such financial year, comply with the provision of this sub-rule.”.

For Official Notification Download PDF Given Below: