Contents of Prospectus

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V After the receipt of certificate of

incorporation, if the promoters of a


public limited company wishes to issue
shares to the public, he will issue a
document called prospectus. It is an
invitation to the public to subscribe to the
share capital of the company.
V Companies Act 1956, defines a
Prospectus as ´any document described
or issued as prospectus and includes any
notice, circular, advertisement inviting
deposits from the public or inviting offers
from the public for subscription or
purchase of any shares in, or debentures
of a body corporateµ.
Prospectus is issued with the following broad
objectives:
j It informs the public about the formation of a new
company.
j It serves as a written evidence about the terms and
conditions of issue of shares or debentures of a
company.
j It induces the investors to invest in the shares and
debentures of the company.
j It describes the nature, extent and future prospectus
of the company.
j It maintains all authentic records on the issue and
make the directors liable for the misstatement in the
prospectus.
j he prospectus contains the main
objectives of the company, the name and
addresses of the signatories of the
memorandum of association and the
number of shares held by them.
j The name, addresses and occupation of
directors and managing directors.
j The number and classes of shares and
debentures issued.
j The qualification share of directors and the
interest of directors for the promotion of
company.
j The number, description and the document
of shares or debentures which within the
two preceding years have been agreed to
be issued other than cash.
j The name and addresses of the vendors of
any property acquired by the company and
the amount paid or to be paid.
j particulars about the directors,
secretaries and the treasures and their
remuneration.
j The amount for the minimum
subscription.
j If the company carrying on business, the
length of time of such businesses.
j The estimated amount of preliminary
expenses.
j Name and address of the auditors,
bankers and solicitors of the company.
j Time and place where copies of balance
sheets, profits and loss account and the
auditors report may be inspected.
j The auditor's report so submitted must
deal with the profit and loss of the
company for each year of five financial
years immediately preceding the issue of
prospectus.
j If any profit or reserve has been
capitalized, the particulars of such
capitalization will be stated in the
prospectus.
V Cover Page
V Inside Cover
V Glossary of Defined Terms
V Corporate Directory and Information Summary
V Terms and Conditions
V Utilization of Proceeds
V Risk Analysis
V Corporate Information and Background of the Issuer
V Related-Party Transaction/Conflict of Interest
V Historical Financial Information
V Future Financial Information
V Other Information
V Documents Available for Inspection
V Procedures for Application
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