Abridged Prospectus

Save Share

Join Us Follow Us Add as Source

This query is : Open

Report Query Ask a Query

Paban Kumar

Paban Kumar (Querist)

30 December 2016 Who prepare the Abridged prospectus and for which motive and by which companies? Kindly direct me...

Mithun Agarwal

Mithun Agarwal (Expert)

30 December 2016 According to Sec. 56(3) of the Companies Act of 1956, a company cannot issue applications for issue of share or debentures. It cannot do so if it does not contain the salient features of the prospectus of the memorandum. This is known as ‘abridged prospectus’. In other words ‘abridged prospectus’ (the memorandum as prescribed in Form 2A) is a one that contains the salient features of the memorandum of the prospectus.

Paban Kumar

Paban Kumar (Querist)

30 December 2016 Thank Can it be prepared by private company?

Mithun Agarwal

Mithun Agarwal (Expert)

30 December 2016 No
its prepared by public ltd. company

Paban Kumar

Paban Kumar (Querist)

30 December 2016 Thank u sir...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now