Question

Which document is submitted to registrar of companies instead of prospectus to avoid public issues?

Answer 1

Answer:

Some of the most important documents issued by a company are as follows: 1. Memorandum of Association 2. Articles of Association 3. Prospectus.

Explanation:

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Answer 2

Answer:

Statement in lieu of prospectus. If the promoters of a public company hope to get the subscription of capital from their own limited circle there is prospectus to the public. The promoters shall have to file 'a statement in lieu of prospectus. According to section 53 of the companies ordinance.

The Statement in Lieu of Prospectus is a document filed with the Registrar of the Companies ( ROC ) when the company has not issued prospectus to the public for inviting them to subscribe for shares. The statement must contain the signatures of all the directors or their agents authorized in writing.

Explanation:

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