Provisions relating to Prospectus of the bank or financial institution:
- (1) Before publicly issuing its securities, every bank or financial institution shall obtain approval of the Securities Board in relation to the registration of the prospectus in accordance with the laws in force relating to securities and have the prospectus registered with the Rastra Bank. Until the prospectus is so registered, the bank or financial institution, or anybody acting on behalf of such bank or financial institution shall not publish the prospectus of such bank or financial institution.
- (2) The procedures required to be fulfilled while publishing a prospectus pursuant to Sub-section (1) and the matters to be mentioned in the prospectus shall be as mentioned in the laws in force relating to securities.
- (3) The bank or financial institution shall, subject to the laws in force relating to securities, make an application in writing to the Securities Board for the approval of the Securities Board for the purpose of registration of its prospectus.
- (4) The Rastra Bank shall not register a prospectus until it receives information in writing that approval has been given by the Securities Board in relation to the registration of the prospectus.
- (5) If any person intends to inspect the prospectus, the bank or financial institution shall allow such person to inspect the prospectus, without collecting any fee or charge.
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