0
According to sec 56(3), no one can issue any form of application for shares or debentures of a company unless it is accompanied by a memorandum containing such salient features of a prospectus as may be prescribed. Such memorandum is called an abridged prospectus.
As per SEC 56(3)2a such salient features are
1.name,address of the company, opening and closing of the issue, name and address of the book running lead manager (BRLM)
2.terms of the present issue
3.particulars of the issue
4.company management and projects
5.financial position of the company
Deemed Prospectus
Sometimes the company may instead of offering its shares and debentures to the public allot them to any intermediary called issuing house. These issuing house, in turn, allot them for sale to the public by advertisement or circular of its own. Such a prospectus is called deemed prospectus. the main purpose for issuing an offer for sale through an issuing house is that that the company saves underwriting expenses and in turn obtains the expertise of an issuing house.
Add your answer:
Earn +20 pts
IASE deemed university website?
www.iaseuniversity.org.in
Are you responsible for your husband's debts if you are not listed in Texas?
In many cases they will be held responsible. They are deemed to have benefited from to goods and services.
Spouse responsible for spouse debt in ga?
In Georgia in most cases they will be held responsible. They are deemed to have benefited from to goods and services.
Is a POA deemed liable?
The Power of Attorney has a fiduciary duty to the grantor. If they mismanage funds or make poor decisions they can be held liable.
What is considered Usurious Interest rate?
It is a rate of interest that is deemed abusive or criminal in that it is wholly unreasonable / excessive. The court can nullify a contract on this basis.
By companies act 1956 what are different types of prospectus?
Prospectus proper statement in lieu of prospectus deemed prospectus
What is a deemed prospectus?
When the offer is made through ISSUE HOUSES , the document issued by them should contain the requirements of prospectus . the offer document is known as deemed prospectus
What is the calorie content of bananas by size?
A banana that is up to six inches in length is deemed to be an extra-small banana and there are 75 calories in these bananas. A banana that is between six and seven inches in length is deemed to be a small banana and there are 90 calories in these bananas. A banana that is between seven and eight inches in length is deemed to be a medium banana and there are 105 calories in these bananas. A banana that is between eight and nine inches in length is deemed to be a large banana and there are 120 calories in these bananas. A banana that is over nine inches in length is deemed to be an extra-large banana and there are 135 calories in these bananas.
What are three sentences for the word deemed?
I deemed it unsafe to proceed.The test was deemed inaccurate. He was twice deemed to be at risk to himself or others.
Relationship between supervisor and assistant manger is allowed?
depends on the company but sometimes deemed unprofessional
What is the meaning of deemed income?
deemed income
Why is Daniel Quinn's Ishmael on audiobook abridged Does anyone know what parts were cut?
Daniel Quinn's "Ishmael" is abridged on audiobook to shorten the overall listening time and make it more accessible to a wider audience. The specific parts that were cut may vary, but generally, abridged versions remove sections of text that are deemed less essential to the overall narrative to streamline the story without losing its core message.
What does deemed submitted mean?
deemed to be submitted to the client
Deemed in a sentence?
She deemed her class was the loudest at the peripherally
Is prist university a deemed university?
Prist became deemed to be university in the year 2007.
What is the antonym of the word deemed?
http://thesaurus.reference.com/browse/deemed
What does deemed responsible mean?
if someone is deemed responsible it means that people think that he/she is responsible
