prospectus is not a primary document of a company is it true or false
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true hope my answer is best please follow me and mark me brainless
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This document is called 'prospectus'. 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.
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