Amendment to Companies (Prospectus and Allotment of Securities) Amendment Rules, 2022

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The Central Government has amended Rule 14, Sub rule (1) of the Companies (Prospectus and Allotment of Securities) Rules, 2014. It is stated now that no offer or invitation of any securities under this rule shall be made to a body incorporated in, or national of, a country which shares a land border with India, unless such body corporate or national, have obtained Government approval under the Foreign Exchange Management (Non -Debt Instruments) Rules, 2019.

Also, attach the approval with the private placement offer cum application letter.

Read the full official notification here- Amendment to Companies (Prospectus and Allotment of Securities) Amendment Rules, 2022 (mca.gov.in).

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