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Explain the following term/concept. Abridged Prospectus - Secretarial Practice

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प्रश्न

Explain the following term/concept.

Abridged Prospectus

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उत्तर

(1) Accordingly, the abridged prospectus is a summary of the prospectus containing such details as prescribed by the Securities Exchange Board of India (SEBI). ‘The Companies Act 2013 defines Abridged prospectus as a memorandum containing such salient features of a prospectus as may be specified by the Securities Exchange Board by making regulations in this behalf.

(2) In brief, it contains the main contents of a prospectus but in brief. Abridged prospectus 15 always attached to the application form issued by the company while offering its securities. It is issued only in case of a public offer made by 3 companies.

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अध्याय 4: Documents related to formation of a company - Exercise Q.2 [पृष्ठ ६४]

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बालभारती Secretarial Practice [English] 11 Standard Maharashtra State Board
अध्याय 4 Documents related to formation of a company
Exercise Q.2 | Q 12 | पृष्ठ ६४
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