Question

explain prospectus significance class 11 business studies
explain prospectus significance
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Answer 1

Explanation:

(i) Prospectus contains the summary of the company's past history and present operation. ... (iii) It serves as an invitation to the public to subscribe to the shares and debentures of the company. (iv) It provides a legal document of the terms and conditions on which shares and debentures have been issued.