Prospectus

Companies Act-Phase (I & II)

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Can issue of Prospectus compulsory for a company?

Yes

Partly Yes

Partly No

Explanation:

As per Section 23(1) of the Companies Act, 2013, it is issued by a public company which is seeking to raise the required funds from the public by means of issue of shares and debentures. It is not necessary for every company to file a prospectus. Private companies are not required to file a prospectus

By: Srishti Gupta

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