Question

In case of private placement of shares and company does not invite the general public for subscription of shares in that case, company instead of issuing prospectus

A. Prepares the statement in lieu of prospectus B. Prepares the Report

C. Prepares the Budget D. Prepares the Asset side of Balance Sheet​

Answer 1

Answer:

C is your answer OK

Explanation:

Prepare the budget

Answer 2

We need to choose the correct choice from the choices given below which is the most suitable answer for the statement

• We are shown that the private company is not asking the general people to subscribe to the shares  
• We are requested to reply to the question   "What does the company issue " instead of issuing a prospectus
• So the correct answer is A. Statement in lieu of prospectus
• The Statement in Lieu of Prospectus is a very important document to be filed with the Registrar of Companies
• The statement must include the signatures of all the directors or their representatives who are qualified to sign on behalf of the directors in writing.
• A statement in lieu of a prospectus is equivalent to a prospectus but with short communication