1. Can anyone telll me difference between Prospectus and Abridged Prospectus ?
2. When we issue Abridged Prospectus and when we issue Prospectus ?
1 Replies
RAHULMEHTA
(Article)
(78 Points)
Replied 03 October 2012
Hi,
Public Issue by a Normal Company - Prospectus is required.
Every application form issued by a company shall contain by way of a perforated line (dotted line which can be easily torn) - SUMMARISED VERSION OF PROSPECTUS - ABRIDGED PROSPECTUS.
It is called Abridged because the application form & propesctus are connected just like a bridge.
I got all this knowledge from Bharat's LAW IPCC BOOK by AMIT KARIA....
For detailed concepts, opt for the book. The most SIMPLIFIED provisions ever seen by me...Its too good!
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