alleryStart learning →Public offer under the Act includes an offer for sale by an existing shareholder through:
AA private offer letter
BA prospectus document
CA bonus share notice
DA court order notice
Answer & Solution
Correct answer: B. A prospectus document
The Explanation to section 23 includes an offer for sale by an existing shareholder through a prospectus within public offer.
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Related questions
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 applSubscription money in a private placement may be paid through banking channels but not by: