wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

State and explain briefly the steps required to raise funds from the public.

Open in App
Solution

The steps required to raise funds from the public, i.e. capital subscription by the company are as follows:

1. Prior approval from SEBI to raise funds from the public

2. A copy of the prospectus or statement in lieu of prospectus to be filed with the Registrar of Companies

3. Appointment of bankers, brokers, underwriters, etc.

4. Application to be made to stock exchange for permission to deal in shares or debentures

5. Allotment of shares (after obtaining minimum subscription amount)

6. To file the return of allotment with the Registrar of Companies


flag
Suggest Corrections
thumbs-up
7
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Capital subscription
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon