28 March 2008
Offer can be open offer or closed offer.. open offer can accept by any one... but in the invitation of offer.. offer is accepted by only that person who got a invitation for offer
11 April 2008
YES OFFER CAN BE AN OPEN OFFER LIKE IN CASE OF PUBLIC OFFER OF SHARES BY A COMPANY TO ALL PUBLIC.ANY BODY CAN ACCEPT THE OPEN OFFER. A CLOSED OFFER IS MADE ONLY TO A SELECTED FEW AND NOT OPEN TO ALL. AN INVITATION TO OFFER IS NOT AN OFFER LIKE AN OPEN OFFER BUT INVITING PEOPLE TO BE OFFERED IN GENERALAND YET TO BE MADE INTO AN OFFER . R.V.RAO
CAclubindia
