Question

_________________ is a brief summary of a prospectus filed before the registrar and contains all the salient features of a prospectus

A Shelf Prospectus Correct Answer Incorrect Answer
B Deemed Prospectus Correct Answer Incorrect Answer
C Abridged Prospectus Correct Answer Incorrect Answer
D Red-Herring Prospectus Correct Answer Incorrect Answer

Solution

Explanation: Section 2(1) abridged prospectus: (1) “abridged prospectus” means a memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by making regulations in this behalf.

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