What is the meaning of deemed prospectus in simple words?
Answers
Answered by
22
The document Offer for Sale is an invitation to the general public to purchase the shares of a company through an intermediary such as an issuing house or a merchant bank. A company may allot or agree to allot any shares or debentures to an ‘issue house without there being any intention on the part of the company to make shares or debentures available directly to the public through issue of prospectus. The issue house in turn makes an Offer for Sale to the public.
Similar questions