CA Inter Prospectus and Allotment of Securities — practice questions
28 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Inter Prospectus and Allotment of Securities in the app →A prospectus is essentially any document inviting offers from the public for the:A prospectus issued by a company for one or more issues of securities over a period not exceeding one year is A prospectus that does not include complete particulars of the price of securities offered is a:Where a company allots securities to an issue house which then offers them for sale to the public, the offer dA memorandum containing only the salient features of a prospectus is an:An offer of securities to a select group of identified persons (not the public) is called:A private company is, by its very nature, prohibited from:The amount stated in the prospectus that must be subscribed before the company can proceed to allotment is thePersons such as directors, promoters and experts who authorised the issue can be held liable for an untrue staThe principle that a prospectus must disclose the truth and the whole truth is often called the:The appropriation of a certain number of shares to an applicant in response to their application is called:A statement made by an expert may be included in a prospectus only if the expert has given their:An initial public offer (IPO) and a further public offer (FPO) are forms of a:Allotment of shares made without receiving the minimum subscription is regarded as:Securities offered to the public must generally be held and transferred in:A document offering securities to the public must be dated, and that date is taken as the date of:Where a person subscribes for securities on the faith of a misleading prospectus and suffers loss, they may clMoney received with applications for shares in a public issue must be kept in a:A 'private placement offer letter' can be made to a maximum of how many persons in a financial year (excludingThe contract that results when a company accepts an applicant's offer for shares is governed by the general prA document offering shares for sale to the public is required to be registered with the:If a prospectus includes a statement purporting to be by an expert who is not engaged or interested, the stateA public company making a public offer must ensure the securities are listed on a recognised:The variation in the terms of a contract referred to in the prospectus generally requires authority by:If a company does not receive the minimum subscription within the prescribed time, the application money must A prospectus that is false in a material particular at the time of issue can attract ___ liability for fraud:The minimum application money on shares in a public issue is generally prescribed as a percentage of the:Allotment of shares is essentially the ___ of the applicant's offer by the company: