Question

6. Which type of company issue prospectus ? for 1 mark
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Answer 1

Answer:

ᴀ ᴘʀᴏsᴘᴇᴄᴛᴜs ɪs ʙᴀsɪᴄᴀʟʟʏ ᴀ ғᴏʀᴍᴀʟ ᴀɴᴅ ʟᴇɢᴀʟ ᴅᴏᴄᴜᴍᴇɴᴛ ɪssᴜᴇᴅ ʙʏ ᴀ ʙᴏᴅʏ ᴄᴏʀᴘᴏʀᴀᴛᴇ ᴡʜɪᴄʜ ᴀᴄᴛs ғᴏʀ ɪɴᴠɪᴛɪɴɢ ᴏғғᴇʀs ғʀᴏᴍ ᴛʜᴇ ᴘᴜʙʟɪᴄ ғᴏʀ sᴜʙsᴄʀɪᴘᴛɪᴏɴ ᴏʀ ᴘᴜʀᴄʜᴀsᴇ ᴏғ ᴀɴʏ sᴇᴄᴜʀɪᴛɪᴇs. ᴇᴠᴇʀʏ ᴘᴜʙʟɪᴄ ᴄᴏᴍᴘᴀɴʏ ɪs ᴇɴᴛɪᴛʟᴇᴅ ᴛᴏ ɪssᴜᴇ ᴛʜᴇ ᴘʀᴏsᴘᴇᴄᴛᴜs ғᴏʀ ɪᴛs sʜᴀʀᴇs ᴏʀ ᴅᴇʙᴇɴᴛᴜʀᴇs. ʙᴜᴛ, ᴛʜᴇ sᴀᴍᴇ ɪs ɴᴏᴛ ʀᴇǫᴜɪʀᴇᴅ ғᴏʀ ᴀ ᴘʀɪᴠᴀᴛᴇ ᴄᴏᴍᴘᴀɴʏ