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    Question

    As per the definition of Prospectus under the Companies Act a prospectus means and includes___________

    A A shelf prospectus Correct Answer Incorrect Answer
    B A red herring prospectus Correct Answer Incorrect Answer
    C Any document described or issued as a prospectus Correct Answer Incorrect Answer
    D All a or b & c Correct Answer Incorrect Answer
    E Both a & b Correct Answer Incorrect Answer

    Solution

    Section 2(70) prospectus: “prospectus” means any document described or issued as a prospectus and includes a red herring prospectus referred to in section 32 or shelf prospectus referred to in section 31 or any notice, circular, advertisement or other document inviting offers from the public for the subscription or purchase of any securities of a body corporate.

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