law: Companies Act, 2013 
  25.
  
    Document
  
  containing offer of securities for sale to be deemed prospectus. 
  1.      Where a company
  
  allots or agrees to allot any securities of the company with a view to all or
  
  any of those securities being offered for sale to the public, any document by
  
  which the offer for sale to the public is made shall, for all purposes, be
  
  deemed to be a prospectus issued by the company; and all enactments and rules
  
  of law as to the contents of prospectus and as to liability in respect of
  
  mis-statements, in and omissions from, prospectus, or otherwise relating to
  
  prospectus, shall apply with the modifications specified in subsections (3 )
  
  and (4 ) and shall have effect accordingly, as if the securities had been
  
  offered to the public for subscription and as if persons accepting the offer in
  
  respect of any securities were subscribers for those securities, but without
  
  prejudice to the liability, if any, of the persons by whom the offer is made in
  
  respect of mis-statements contained in the document or otherwise in respect
  
  thereof.
  2.      For the purposes of
  
  this Act, it shall, unless the contrary is proved, be evidence that an
  
  allotment of, or an agreement to allot, securities was made with a view to the
  
  securities being offered for sale to the public if it is shown—
  a.     
  
    that
  
  an offer of the securities or of any of them for sale to the public was made
  
  within six months after the allotment or agreement to allot; or
  b.    
  
    that
  
  at the date when the offer was made, the whole consideration to be received by
  
  the company in respect of the securities had not been received by it.
  1.     
  2.     
  3.      Section 26 as applied
  
  by this section shall have effect as if —
               
  
   i.        
  
    it
  
  required a prospectus to state in addition to the matters required by that
  
  section to be stated in a prospectus—
  a.     
  
    the
  
  net amount of the consideration received or to be received by the company in
  
  respect of the securities to which the offer relates; and
  b.    
  
    the
  
  time and place at which the contract where under the said securities have been
  
  or are to be allotted may be inspected;
              
  
   i.        
  
  
              
  
   ii.        
  
    the
  
  persons making the offer were persons named in a prospectus as directors of a
  
  company.
  4.      Where a person making
  
  an offer to which this section relates is a company or a firm, it shall be
  
  sufficient if the document referred to in sub-section (1 ) is signed on
  
  behalf of the company or firm by two directors of the company or by not less
  
  than one-half of the partners in the firm, as the case may be.