alleryStart learning →A form may skip the prospectus only for what?
AA private placement to promoters
BA bona fide invitation to underwrite
CAn offer to its own employees
DA rights issue made abroad
Answer & Solution
Correct answer: B. A bona fide invitation to underwrite
The proviso to section 387(3) excuses a form issued in connection with a bona fide invitation to underwrite the securities.
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