A public company can issue the prospectus to offer its shares and debentures, whereas a private company cannot issue prospectus.
Explanation:
The prospectus is a legal document, which outlines the company's financial securities for sale to the investors. According to the companies act 2013, there are four types of the prospectus, abridged prospectus, deemed prospectus, red herring prospectus, and shelf prospectus.
Answers & Comments
Answer:
A public company can issue the prospectus to offer its shares and debentures, whereas a private company cannot issue prospectus.
Explanation:
The prospectus is a legal document, which outlines the company's financial securities for sale to the investors. According to the companies act 2013, there are four types of the prospectus, abridged prospectus, deemed prospectus, red herring prospectus, and shelf prospectus.
Answer:
public company
Explanation:
A public company can issue the prospectus to offer its shares and debentures, whereas a private company cannot issue prospectus.