Section 8: Prospectus

1) A bank or financial institution shall, before the public offering of its securities, have to get the prospectus registered at the Rastra Bank, having obtained necessary approval concerning securities according to the prevailing laws.

2) Unless such prospectus is registered pursuant to sub-section (1), the said bank or financial institution or anyone on behalf of the bank or financial institution shall not be allowed to publish the prospectus of such bank or financial institution.

3) Notwithstanding anything contained in sub-section (1), unless the Rastra Bank receives a written notification of the approval from the Securities Board to register the prospectus, the Rastra Bank shall not register such prospectus.