Gujarat BoardEnglish MediumSTD 11 CommerceSPCCProspectus3 Marks
Question
State the characteristics of prospectus.
✓
Answer
The following characteristics of a prospectus can be traced:
1. Prospectus is an invitation published by a company.
2. The public is given invitation to purchase securities through the prospectus.
3. Prospectus should be in the nature of notice, circular or public advertisement.
4. Prospectus should be in written form.
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