Secretarial Practice · Ch 4 — Documents Related to Formation of a Company
Types of Prospectus
Types of Prospectus
Depending on the stage and manner of the offer, the Companies Act, 2013 recognises more than one form a prospectus can take, and Maharashtra HSC Secretarial Practice students preparing for the Std XI board pattern are exp …
Arises when a company allots or agrees to allot its securities to an intermediary — commonly called an issue house — with a view to those securities being offered for sale to the public. The document by which the intermediary then offers the securities for sale is treated by law exactly as if it were a prospectus issued by the company its …
A single prospectus that lets certain classes of issuers — typically financial institutions and banks that make repeated public offers of the same kind of security — raise capital through more than one offer over a specified period without filing an entirely fresh prospectus for every issue. The issuer files an information memorandum for each subsequent offer made under the she …
A prospectus issued before the final price and the exact number of securities on offer have been settled, typically ahead of a public issue. It discloses virtually everything a full prospectus would, except the definitive price and quantum, which ar …
A short, memorandum-style summary of the full prospectus, setting out its salient features. The law requires every application form for shares or debentures to be accompanied by an abridged prospectus, so that even an investor who never reads the full document stil …