M s ABC Pvt Ltd is a Private Limited company desires to issue prospectus for public offer Whether Co...........

Companies Act-Phase (I & II) Prospectus

M/s ABC Pvt. Ltd., is a Private Limited company desires to issue prospectus for public offer. Whether Company can do so?

Yes

Partly Yes

Partly No

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Explanation:

As per Section 23(2) of the Companies Act, 2013, a Private Company is prohibited from inviting the public for subscription of its shares, i.e. a Private Company cannot issue Prospectus, whereas a Public Company is free to invite public for subscription i.e., a Public Company can issue a Prospectus

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