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Authorised Share Capital

If a public l...

Question

If a public limited company does not issue prospectus which of these conditions must be satisfied before commencement of business

A

To file a statement in lieu of prospectus

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B

To file necessary declaration signed either by one of the director or company secretary

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C

Both

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D

Either a or b

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Solution

The correct option is C Both
Option C is the correct answer.

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Similar questions

Statement in lieu of prospectus can be filed by a public company going for a public issue.

Q. Public company having share capital which has not issued a prospectus of the company has to file a ___________ before its commencement.

Q. Mark the following statements True or False:
(a) A private company must file a statement in lieu of prospectus.
(b) A company which does not want to prepare its own Articles of Association can adopt Table A.
(c) A company wanting to raise capital must issue a prospectus.
(d) A private company can start its business immediately after incorporation.
(e) Capital clause is a part of the Articles of Association.
(f) The Memorandum of Association defines the relationship of a company with or outsiders.
(g) Every company must issue a prospectus to raise share capital.

Q. Which of the following companies must file a statement in lieu of prospectus?

Is it essential for a private company to issue a prospectus or a statement in lieu of prospectus? Why or why not?

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