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Question

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

A
statement in lieu of prospectus
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B
statement to transfer its shares
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C
red hearing prospectus
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D
none of these
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Solution

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.


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