A lsquo Red Herring rsquo prospectus is ........

Companies Act( Revenue Account ) Prospectus

A ‘Red Herring’ prospectus is:

one which is circulated to only exiting members of the company

one which allows securities to be issued in one or more installments over a certain period without issuing a further prospectus

one which contains only salient features of a prospectus as required by SEBI

one which does not include complete particulars of the quantum or price of securities to be issued

one which does not include complete particulars of the quantum or price of securities to be issued

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