Companies Act, 1963

Restriction on alteration of terms mentioned in prospectus or statement in lieu of prospectus.

48.—(1) A company limited by shares or a company limited by guarantee and having a share capital shall not prior to the statutory meeting vary the terms of a contract referred to in the prospectus, or statement in lieu of prospectus, except subject to the approval of the statutory meeting.

(2) This section shall not apply to a private company.