Site navigation

Which of the following can raise capital through issue of prospectus?

Under Section 23 of the Companies Act, 2013, only a "Public Company" may raise capital from the public through the issue of a prospectus; a "Private company" is prohibited…

Choose your answer

Which of the following can raise capital through issue of prospectus?

Select one answer
Answer and explanation

Correct answer A

Under Section 23 of the Companies Act, 2013, only a "Public Company" may raise capital from the public through the issue of a prospectus; a "Private company" is prohibited from inviting subscriptions from the public.

Practice for these exams

Related question papers

Related exam syllabi

Related questions in this topic