Question

can a private company issue a prospectus to invite public to subscribe its shares? comment class 11 bst​

Answer 1

Explanation:

Name the document which invites the general public to subscribe to the shares and debentures of the company. ... Private companies cannot issue a prospectus because they are strictly prohibited from inviting the public to subscribe to their shares. Only public companies can issue a prospectus.

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Answer 2

Answer:

Private companies cannot issue a prospectus because they are strictly prohibited from inviting the public to subscribe to their shares. Only public companies can issue a prospectus. The prospectus is not an offer in the contractual sense but only an invitation to offer.

Explanation:

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