Under the Companies Act, 2013, the validity period of a shelf prospectus shall not exceed:
Under s.31(2), a shelf prospectus remains valid for a period not exceeding one year from the opening of the first offer of securities made under it.
Choose your answer
Under the Companies Act, 2013, the validity period of a shelf prospectus shall not exceed:
Answer and explanation
Correct answer B
Under s.31(2), a shelf prospectus remains valid for a period not exceeding one year from the opening of the first offer of securities made under it.
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