09 December 2014
what is the difference between offer of securities & invitation to subscribe securities ?
my focus words are:
1)offer of. 2)invitation to subscribe.
are they giving the same meaning or something different.????
if both are giving the same meaning then why using different word for the same meaning in the same sentence?
here is the sentence: "private placement" means any offer of securities or invitation to subscribe securities to a selected group of persons by a company.......................
09 December 2014
Offer means a proposal by a person in which he makes his willingness to enter into a legally binding contract for some consideration.
An Invitation to offer means an intention of a person to invite others with a view to enter into an agreement.
CAclubindia
