Advertisements
Advertisements
Question
Explain the following term/concept.
Shelf Prospectus
Solution
(1) Shelf prospectus is a type of public offering where certain issuers (companies) are allowed to offer and sell securities to the public without a separate prospectus for each act of offering and without the‘ issue of further prospectus. Instead, there is a single prospectus for multiple, undefined future offerings. The prospectus may be used to offer securities for up to one year from the date of the first offering of securities under that prospectus.
(2) The issuer (company) is required to file an Information Memorandum which contains the latest information about the company With the ROC every time a subsequent offer of securities is made during the validity period of the shelf prospectus.
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.
Abridged 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?
