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Question
Select the correct answer from the option given below and rewrite the sentence.
_______ is an incomplete prospectus.
Options
Red Herring Prospectus
Shelf Prospectus
Abridged Prospectus
Solution
Red Herring Prospectus is an incomplete prospectus.
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objective clause
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The object clause of Memorandum of a company stated the main object as the manufacturing of plastic chairs and tables and any other activity in furtherance of achievement of its main activity. The Board of Directors wants to now also produce TV. Serials and feels that the shareholders may give their permission.
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The doctrine of Indoor Management protects outsiders who are unaware of the correctness of internal proceedings of a company.
