Formation of a Company — Secretarial Practice STD 11 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsSecretarial PracticeFormation of a Company2 Marks
Question
Prospectus
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Answer
It is an invitation to the public by the Joint Stock Company to subscribe to the shares of the company. Private company issues “Statement in lieu of Prospectus” in place of ‘framing its own-‘Prospectus’.
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