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    Question

    A type of prospectus issued by companies making

    multiple issues of securities for raising funds is called:
    A Draft Red herring prospectus Correct Answer Incorrect Answer
    B Shelf Prospectus Correct Answer Incorrect Answer
    C Green Prospectus Correct Answer Incorrect Answer
    D Red herring prospectus Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    A shelf prospectus is a type of prospectus issued by companies making multiple issues of securities for raising funds. The advantage is that no new prospectus needs to be issued every time the company issues securities

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