Advertisements
Advertisements
Question
Explain the following term/concept.
Abridged Prospectus
Solution
(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.
APPEARS IN
RELATED QUESTIONS
Answer in one sentence.
When is Abridged Prospectus issued?
Explain the following term/concept.
Prospectus
Explain the following term/concept.
Misstatement in Prospectus
Explain the following term/concept.
Shelf Prospectus
Explain the following term/concept.
Red Herring Prospectus
Answer in brief:
State the statutory requirements in relation to Prospectus.
Justify the following statement.
The prospectus is an important document issued by a public company.
Justify the following statement.
Company and officers responsible for issuing Prospectus are liable for misstatements in Prospectus.
Answer the following question:
fine Prospectus. Explain its contents.
What is meant by Prospectus?
