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      Question

      A prospectus issued by a company should not be issued

      more than ______ days before the allotment of shares.
      A 30 Correct Answer Incorrect Answer
      B 60 Correct Answer Incorrect Answer
      C 90 Correct Answer Incorrect Answer
      D 365 Correct Answer Incorrect Answer

      Solution

      As per the Companies Act, 2013, a prospectus cannot be issued more than 90 days before the allotment of shares or the opening of the subscription list.

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