Chapter 3 Prospectus

Corporate & Other Laws

Section 25(2) (b) that at the date when the offer was made, the whole consideration to be received by the company in respect of the securities had not been received by it. Ref: 3.18 of ICAI module corporate laws Doubt: Here the "date when the offer is made'' refers to the date when the offer is made to the public by the third party or date when offer is made by the company to the third party who will further issue to the public ?? Pls resolve this doubt

Neha Baliga

CA Inter

★ 16K+

07-Mar-23 18:59

450

Answers (2)

The date when the offer was made to public my third party i.e intermediary

Harshitha Kalidindi

CA Final

★ 51K+

07-Mar-23 19:23

Harshitha Kalidindi

The date when the offer was made to public my third party i.e intermediary

Thank you 😊

Thread Starter

Neha Baliga

CA Inter

★ 16K+

07-Mar-23 20:33