The MCA vide its notification dated 7 May 2018 has amended Companies (Prospectus and Allotment of Securities) Rules 2014 and done away the requirement of detailed list of contents of the prospectus following suggestions from the stakeholders that offer documents are becoming too long, too detailed, and repetitive as also too difficult to understand. Rule 3 of the Companies (Prospectus and Allotment of Securities) Rules 2014 relating to information to be stated in the prospectus, Rule 4of the Companies (Prospectus and Allotment of Securities) Rules 2014 relating to reports to be set out in the prospectus, Rule 5 of the Companies (Prospectus and Allotment of Securities) Rules 2014 relating to other matters and reports to be stated in the prospectus and Rule 6 of the Companies (Prospectus and Allotment of Securities) Rules 2014 relating to period for which information to be provided in certain cases stands omitted. Source: http://www.mca.gov.in/Ministry/pdf/CompaniesProspectusRules_07052018.pdf
