Which of the following is a type of prospectus under the Companies Act?
The Companies Act, 2013 provides for a shelf prospectus (s.31), a red herring prospectus (s.32) and an abridged prospectus, defined in s.2(1) as a memorandum containing…
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Which of the following is a type of prospectus under the Companies Act?
Answer and explanation
Correct answer D
The Companies Act, 2013 provides for a shelf prospectus (s.31), a red herring prospectus (s.32) and an abridged prospectus, defined in s.2(1) as a memorandum containing salient features of a prospectus. Each is a recognised kind of prospectus.
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