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_____________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.
Generally, the rights and obligations of the company are regulated by ___________
A Bank Draft is:
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