The secretary has to prepare ________ in case advertisement is not given by company while inviting deposits. (Fill in the blank by choosing correct option) a) Statement in lieu of Advertisement b) Prospectus c) Articles of Association
Answers
The secretary has to prepare statement in lieu of Advertisement in case advertisement is not given by company while inviting deposits.
Statement in lieu of Advertisement says that:
(1) Where an organization means to acknowledge stores without welcoming, or permitting or making some other individual welcome, such stores, it will, before tolerating stores convey to the Registrar for enlistment an announcement in lieu of ad containing every one of the points of interest required to be incorporated into the ad by righteousness of sub-rule (2) of principle 4 and appropriately marked in the way gave in sub-rule (4) of that standard.
(2) An announcement conveyed under sub-rule (1) will be legitimate until the expiry of a half year from the date of conclusion of the monetary year in which it is so conveyed or until the date on which the asset report is laid before the organization when all is said in done gathering, or where the Annual General Meeting for any year has not been held, the most recent day on which that gathering ought to have been held as per the arrangements of the Act whichever is earlier.]