389. Registration of prospectus
No person shall issue, circulate or distribute in India any prospectus offering for
subscription in securities of a company incorporated or to be incorporated outside India,
whether the company has or has not established, or when formed will or will not establish, a
place of business in India, unless before the issue, circulation or distribution of the prospectus
in India, a copy thereof certified by the chairperson of the company and two other directors of
the company as having been approved by resolution of the managing body has been delivered
for registration to the Registrar and the prospectus states on the face of it that a copy has
been so delivered, and there is endorsed on or attached to the copy, any consent to the issue
of the prospectus required by section 388 and such documents as may be prescribed.