Question

C.
Explain the legal provisions regarding Prospectus​

Answer 1

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According to the law, all the legal documents containing an offer of investment in the form of shares and debentures shall be self-contained according to the definition of the prospectus given under section 2 and shall be deemed as a prospectus by implication of law.

Answer 2

Answer:

As per Companies Act 2013, prospectus” means any document described or issued as a prospectus and includes a red-herring prospectus referred to in Section 32 or shelf prospectus referred to in section 31 or any notice, circular, advertisement or other document inviting offers from the public for the subscription or purchase of any securities of a body corporate.

Prospectus are Legal document required compulsorily under the SEBI Act by companies doing public issue of shares.