Question

Under the Companies Act, 1956, a "Prospectus" is:

A A confidential memo circulated only among the promoters of a company
B A document inviting the public to subscribe to or purchase shares or debentures
C A final liquidation report submitted to the Court after a company is dissolved
D An internal ledger used for the daily recording of business transactions
E A formal roster containing the names and addresses of all board members
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