for these questions: Sate with Reason wether True or false
1) It is the duty of those who issue the prospectus to be truthfull in all respect.
2) Participant is an agent of a depository and is registered as such under the companies act 1956 to render depository service.
3) A trade union registered under Trade Union act cannot be registered as a member and cannot hold shares in a company in its own corporate name.
4) No valid allotment can be made on an oral request.
1) It is the duty of those who issue the prospectus to be truthfull in all respect.
ans. true- It is a criminal offence,if any untrue statement is found in prospectus and person who have authorised its issue shall be punishable
4) No valid allotment can be made on an oral request.
ans. true- allotment is made against written application only. For allotment of shares person have to apply in prescribed format.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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