Prospectus

In case of a rights issue: If a company is issuing shares to its existing shareholders on a pro-rata basis, an abridged prospectus is not required. In case of a bonus issue: If a company is issuing bonus shares to its existing shareholders, an abridged prospectus is not required. In case of a private placement of securities: If a company is issuing securities on a private placement basis, an abridged prospectus is not required. However, the company is required to file a private placement offer letter with the Registrar of Companies. In case of an offer for sale: If a company is making an offer for sale of securities, an abridged prospectus is not required. However, the company is required to file a document containing the salient features of the offer for sale with the Registrar of Companies.

CA Suraj Lakhotia

Admin

05-May-23 06:54