New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Identify the correct statements with reference to Red Herring Prospectus.

    1. Section 32 of the Companies Act 2013 is related to the Red Herring Prospectus.

    2. A company proposing to issue a red herring prospectus shall file it with the Registrar at least three days prior to the opening of the subscription list and the offer.

    3. Red herring prospectus means a prospectus which does not include complete particulars of the quantum or price of the securities.

    A 1 and 2 only Correct Answer Incorrect Answer
    B 1 and 3 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 1 only Correct Answer Incorrect Answer
    E All correct Correct Answer Incorrect Answer

    Solution

    The correct answer is E

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