Which declaration must a prospectus include regarding the law?
ACompliance with the Act and allied laws
BNo pending dispute with tax officers
CGuarantee of a minimum dividend
DAssured listing on a stock exchange
Answer & Solution
Correct answer: A. Compliance with the Act and allied laws
Section 26(1)(c) needs a declaration of compliance and a statement that nothing in it is contrary to the Act, SCRA or SEBI Act.
Keep practising Prospectus and Allotment of Securities
Browse all Prospectus and Allotment of Securities questions for CA Inter, or explore more Law topics.
Related questions
Public offer under the Act includes an offer for sale by an existing shareholder through:After a penalty order for a contravening private placement, the company must refund subscrThe return of allotment after a private placement must include:A company making a private placement must not:Private placement offers go only to persons whose names the company has:Private placement information goes to the Registrar within how many days of the offer lettIf application money in a private placement is not repaid in time, interest is payable at In a private placement, securities must be allotted within how many days of receiving appl