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      Question

      Identify the correct statements with reference to Red

      Herring Prospectus. 1. Section 32 of the Companies Act 2013 is related to the Red Herring Prospectus. 2. A company proposing to issue a red herring prospectus shall file it with the Registrar at least three days prior to the opening of the subscription list and the offer. 3. Red herring prospectus means a prospectus which does not include complete particulars of the quantum or price of the securities.
      A 1 and 2 only Correct Answer Incorrect Answer
      B 1 and 3 only Correct Answer Incorrect Answer
      C 2 and 3 only Correct Answer Incorrect Answer
      D 1 only Correct Answer Incorrect Answer
      E All correct Correct Answer Incorrect Answer

      Solution

      The correct answer is E

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