Gujarat BoardEnglish MediumSTD 11 CommerceSPCCProspectus3 Marks
Question
What is Prospectus? Explain it by giving meaning and definition.
✓
Answer
The meaning and definition of advertisement is as follows:
Meaning: -Advertising in simple language means advertisement. An advertisement is a document that invites the public to raise money through share capital or debentures or other securities.
Definition: "Any document issued by the company inviting the public to purchase its shares or debentures or other securities which is presented or issued as an advertisement including notice, circular, advertisement or other type of document."
Thus, an invitation issued by the founders of a company after its inception to attract the public to purchase shares or debentures of the company is called an advertisement.
These include Red Herring Prospectus and Shelf Prospectus.
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