Question
Alpha Tech Ltd. filed a Shelf Prospectus on April 1, 2026, for a series of debenture issues over the next year. On August 15, 2026, the company created a new floating charge on its assets to secure a bank loan. Before launching its second offer of debentures in October 2026, the company must comply with which of the following requirements under Section 31?
- I It must file a fresh Red Herring Prospectus because a new charge constitutes a material change. I
- I It must file an Information Memorandum with the Registrar within the prescribed time prior to the second offer. II
- I It must issue an Abridged Prospectus specifically highlighting the new charge to all existing debenture holders. I
- V If an investor had already applied for securities before the change was notified, the company must refund the money within 15 days if the investor desires to withdraw.
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