Question

What is the name instead of prospectus for a private company?

Answer 1

Heya user! here ur answer.

Statement in lieu of prospectus is that document which is prepared in place of prospectus and presented to the registrar.A company which has share capital but have not issued prospectus cannot issue shares or debentures till the time at present statement in lieu of prospectus at least 3 days in advance prior to the allotment of shares and debentures with the registrar.