law: Companies Act, 1956
  Sec 60    -    
  
  Registration of prospectus. 
  (1) No prospectus shall be issued by or on
  
  behalf of a company or in relation to an intended company unless, on or before
  
  the date of its publication, there has been delivered to the Registrar for
  
  registration a copy thereof signed by every person who is named therein as a
  
  director or proposed director of the company or by his agent authorized in
  
  writing, and having endorsed thereon or attached thereto : 
  (a) any consent to the issue of the prospectus
  
  required by section 58 from any person as an expert ; and
  (b) in the case of a prospectus issued
  
  generally, also : 
  (i) a copy of every contract required by
  
  clause 16 of Schedule II to be specified in the prospectus, or, in the case of
  
  a contract not reduced into writing, a memorandum giving full particulars
  
  thereof ; and
  (ii) where the persons making any report
  
  required by Part II of that Schedule have made therein, or have, without giving
  
  the reasons, indicated therein, any such adjustments as are mentioned in clause
  
  32 of that Schedule, a written statement signed by those persons setting out
  
  the adjustments and giving the reasons therefor.
  (2) Every prospectus to which sub-section (1)
  
  applies shall, on the face of it,
  (a) state that a copy has been delivered for
  
  registration as required by this section ; and
  (b) specify any documents required by this
  
  section to be endorsed on or attached to the copy so delivered, or refer to
  
  statements included in the prospectus which specify those documents.
  (3) The Registrar shall not register a
  
  prospectus unless the requirements of sections 55, 56, 57 and 58 and
  
  sub-sections (1) and (2) of this section have been complied with and the
  
  prospectus is accompanied by the consent in writing of the person, if any,
  
  named therein as the auditor, legal adviser, attorney, solicitor, banker or
  
  broker of the company or intended company, to act in that capacity.
  (4) No prospectus shall be issued more than
  
  ninety days after the date on which a copy thereof is delivered for
  
  registration, and if a prospectus is so issued, it shall be deemed to be a
  
  prospectus a copy of which has not been delivered under this section to the
  
  Registrar.
  (5) If a prospectus is issued without a copy
  
  thereof being delivered under this section to the Registrar or without the copy
  
  so delivered having endorsed thereon or attached thereto the required consent
  
  or documents, the company, and every person who is knowingly a party to the
  
  issue of the prospectus, shall be punishable with fine which may extend to
  
  fifty thousand rupees.