When to file Red-herring Prospectus?


0

A public company making an issue of securities may circulate information Memorandum to the public prior to filing a prospectus. [Subsection (1)]

A company inviting subscription by an information Memorandum shall be bound to file a prospectus prior to the opening of the subscription lists as a Red-herring Prospectus, at least three days before the opening of the offer. [Sub-section (2)]

The information Memorandum and Red-herring Prospectus shall carry same obligation as are applicable in the case of a prospectus [Sub-section (3)]

Requirements relating to filing of final prospectus:

Upon the closing of the offer of securities, a final prospectus stating therein the total capital raised and the closing price of the securities and any other details as were not complete in the Red-herring Prospectus shall be filed in case of a listed company with the SEBI and Registrar of Companies, and in any other case with the Registrar of Companies only [Sub-section (9)]


Like it? Share with your friends!

0
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected].

10 Comments


Warning: Undefined array key "html5" in /home/bmsnewco/public_html/wp-content/plugins/facebook-comments-plugin/class-frontend.php on line 140

Facebook comments:

This Website Is For Sale. Email us an offer we cannot refuse on [email protected] :)

X
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format