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Section 32 of Companies Act - Red herring Prospectus means a prospectus which does not include complete particulars of the quantum or price of the securities included therein. In simple terms a red herring prospectus contains most of the information pertaining to the company’s operations and prospects, but does not include key details of the issue such as its price and the number of shares offered.
make full use of and derive benefit from a resource
Select the most appropriate meaning of the given Idiom.
WET BEHIND THE EARS
The paperwork was piled high, but she manages to beat the clock and finish it all.
His sudden resignation was a bolt from the blue for everyone in the office.
Select the correct meaning of the given idiom.
On a roll
After hearing the news, he was all ears for the rest of the conversation.
When Jake finally received his promotion, he felt on top of the world.
