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

Question

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.

Answer 1

According to the companies Act if a public company having share capital is not issuing a prospectus on its formation, it then must file a statement in lieu of prospectus with the registrar of the companies.

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

The correct option is A statement in lieu of prospectusAccording to the companies Act if a public company having share capital is not issuing a prospectus on its formation, it then must file a statement in lieu of prospectus with the registrar of the companies.

The correct option is A statement in lieu of prospectus
According to the companies Act if a public company having share capital is not issuing a prospectus on its formation, it then must file a statement in lieu of prospectus with the registrar of the companies.