Section 33 — Issue of application forms for securities

(1) No form of application for the purchase of any of
the securities of a company shall be issued unless such form is accompanied by an abridged prospectus:
Provided that nothing in this sub -section shall apply if it is shown that the form of application was
issued—
(a) in connection with a bona fide invitation to a person to enter into an underwriting agreement
with respect to such securities; or
(b) in relation to securities which were not offered to the public.
(2) A copy of the prospectus shall, on a request being made by any person before the closing of the
subscription list and the offer, be furnished to him.
(3) If a company makes any default in complying with the provisions of this section, it shall be liable