Tripal Ltd. issued prospectus inviting public to subscribe for its
shares. It came up with the public issue of ` 10 crores for 10 lakh
shares worth ` 100 each. But the company wants to be sure on certain
issues. You are required to suggest the company about the following
aspects:
(a) Prior approval from which organisation is required before going
ahead with raising funds from public.
(b) What is the minimum number of shares for which company should
receive applications before going ahead with the allotment of shares and
what is it called? (c) Why does the company need to appoint
underwriters? (d) Identify the value, which according to you, motivated
the company in issuing prospectus.
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