New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

      A company filing a shelf prospectus shall be required

    to file an information memorandum containing all material facts relating to________________
    A New charges created Correct Answer Incorrect Answer
    B Changes in the financial position of the company as have occurred between the first offer of securities or the previous offer of securities Correct Answer Incorrect Answer
    C Any contract or arrangement entered by the company or any of its subsidiary companies or its directors etc. Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer

    Solution

    Section 31.Shelf prospectus- (2) A company filing a shelf prospectus shall be required to file an information memorandum containing all material facts relating to new charges created, changes in the financial position of the company as have occurred between the first offer of securities or the previous offer of securities and the succeeding offer of securities and such other changes as may be prescribed, with the Registrar within the prescribed time, prior to the issue of a second or subsequent offer of securities under the shelf prospectus.

    Practice Next