Question

What is the validity period of Shelf Prospectus?

A 1 year Correct Answer Incorrect Answer
B 3 months Correct Answer Incorrect Answer
C 6 months Correct Answer Incorrect Answer
D 9 months Correct Answer Incorrect Answer

Solution

Companies Act Section 31 The validity of the Shelf Prospectus shall be for a period not exceeding one year which shall commence from the date of opening of the first offer of securities under that prospectus.

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