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      Question

      A company filing a shelf prospectus shall be required to

      file an information memorandum containing all material facts with the Registrar within the prescribed time_____________
      A At the opening of the subscription list and the offer Correct Answer Incorrect Answer
      B Prior to the issue of securities under the shelf prospectus Correct Answer Incorrect Answer
      C Prior to the issue of a second or subsequent offer of securities under the shelf prospectus Correct Answer Incorrect Answer
      D After the issue of a second or subsequent offer of securities under the shelf prospectus Correct Answer Incorrect Answer
      E At such point of time as the company may be required to do so at the decision being take by the company in its Board meeting Correct Answer Incorrect Answer

      Solution

      Prior to the issue of a second or subsequent offer of securities under the shelf prospectus. Explanation:Section 31.Shelf prospectus: (2) A company filing a shelf prospectus shall be required to file an information memorandum containing all material facts relating to new charges created, changes in the financial position of the company as have occurred between the first offer of securities or the previous offer of securities and the succeeding offer of securities and such other changes as may be prescribed, with the Registrar within themprescribed time, prior to the issue of a second or subsequent offer of securities under the shelf prospectus.

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