New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A Red Herring Prospectus does not the include

    information related to __________
    A Detailed information about the Company Correct Answer Incorrect Answer
    B Issue Price of the Shares Correct Answer Incorrect Answer
    C The number of share offered Correct Answer Incorrect Answer
    D Either (b) & (c) Correct Answer Incorrect Answer

    Solution

    Section 32 of Companies Act - Red herring Prospectus means a prospectus which does not include complete particulars of the quantum or price of the securities included therein. In simple terms a red herring prospectus contains most of the information pertaining to the company’s operations and prospects, but does not include key details of the issue such as its price and the number of shares offered.

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