Which type of information the prospectus of your university include?
The prospectus usually contains information on the individual courses, the staff (professors), notable alumni, the campus, special facilities (like performance halls for music schools or acting stages for drama schools), how to get in contact with the university, and how to get to the university.
Is the issue of prospectus compulsory for a company?
Generally ,the prospectus is issue by a public company to obtain money from the public. It is not necessary to that every company issue a prospectus. restriction is imposed on a private company to offer for sale shares and debentures to the public .
What are the content of prospectus?
CONTENTS OF PROSPECTUS: (Companies Act, 2013) Registered company office address. Company secretary, auditors, bankers, underwriters, etc., their respective names and address. Opening and closing dates of the issue. Allotment letters and refunds declaration within the prescribed time.
Under what circumstances prospectus is not required?
When prospectus is not required to be issued When shares or debentures are provided to already existing shareholders or debenture holders of the company. Where shares are not offered to the public, for example when shares are placed privately to less than 50 persons.
What is prospectus registration?
According to the literal interpretation of the Section, It means that an individual or Corporate the body shall be allowed to issue, circulate or distribute the prospectus for subscribing issue of securities to any foreign company only when it is warranted by the proper authority i.e. Chairman of the Company along with …
What do you mean by misleading prospectus?
Misleading Prospectus: prospectus. for example if a prospectus states that the company’s shares will be issued at a discount of 10 percent, it is a misrepresentation of law because as per Section 53, shares can not be issued at a discount, and a person, deceived by it will have no remedy.
Which of the following are not required to issue prospectus?
Solution. A prospectus is issued by a public company if it decides to raise funds through public investment. A private company need not issue a prospectus as it is prohibited from raising funds from the public. Hence, the correct answer is option A public company.
Which prospectus is issued by issuing house?
Deemed Prospectus It is a document which the company issues in case of offer for sale of securities to the public. Moreover this document is an invitation to public to purchase the shares of company through an intermediary such as Issuing House.
Which new type of company was introduced in Companies Act 2013?
A small company is a new form of a private company under the Companies Act, 2013. A classification of a private company into a small company is based on its size i.e. paid-up capital and turnover. In other words, such companies are small-sized private companies.
Who is small company?
Speaking at the Union Budget 2021, finance minister Nirmala Sitharaman has proposed to revise definition under Companies Act, 2013 for small companies by increasing their threshold for capitalisation from not exceeding INR 50 Lakh to not exceeding INR 2 Cr and turnover from not exceeding INR 2 Cr to not exceeding INR …