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    5. Once the Prospectus is filed with the Registrar of Companies, it is valid for how many days?

    Question

    Once the Prospectus is filed with the Registrar of

    Companies, it is valid for how many days?
    A 30 days Correct Answer Incorrect Answer
    B 60 days Correct Answer Incorrect Answer
    C 90 days Correct Answer Incorrect Answer
    D 120 days Correct Answer Incorrect Answer

    Solution

    Explanation: Section 26 Prospectus: It should be signed by every director/proposed director of the company, be filed with the Registrar,      and remains valid for 90 days from date of delivery to Registrar.

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