Question

Which of the following is true relating to Red- herring

Q: Answer-Which of the following is true relating to Red- herring Prospectus?

Companies Act Section 32. Red herring prospectus 1 A company proposing to make an offer of securities may issue a red herring prospectus prior to the issue of a prospectus 2 A company proposing to issue a red herring prospectus under sub-section 1 shall file it with the Registrar at least three days prior to the opening of the subscription list and the offer 3 A red herring prospectus shall carry the same obligations as are applicable to a prospectus and any variation between the red herring prospectus and a prospectus shall be highlighted as variations in the prospectus.

Prospectus?

A It is issued prior to the issue of a prospectus

B It shall carry the same obligations as are applicable to a prospectus

C It shall be filed with the Registrar at least three days prior to the opening of the subscription list and the offer

D All a, b & c

E Both a & c

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Which of the following is true relating to Red- herring

Solution