Question

What are the steps taken for raising funds from public?

Answer 1

Explanation:

1)Prior approval from SEBI to raise funds from the public.

2)A copy of the prospectus or statement in lieu of prospectus to be filed with the Registrar of Companies.

3)Appointment of bankers, brokers, under-writers, etc.

4)Application to be made to stock exchange for permission to deal in shares or debentures.

5)Allotment of shares (after obtaining minimum subscription amount).

To file return of allotment with the Registrar of Companies.

Answer 2

Explanation:

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