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    5. What is the validity period of Shelf Prospectus?

    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.

    Practice Next
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