CS Aarti Jain
(Professional)
(4294 Points)
Replied 22 February 2018
Basically when Company doesn't want to go to public directly through issue of prospectus, allots or agree to allot shares to an Issue House who in turn makes an offer for sale to the public on behalf of the Company. So any document which is being issued by that issue house as an offer for sale is deemed to be a prospectus or called Deemed Prospectus.
In simple term any Document containing offer of securities for sale is called "Deemed Prospectus". Section 25 of Companies Act, 2013 deals with the same.
I hope you will find the answer useful.
Thanks..:)
praveensinghal077@gmail.com
(50 Points)
Replied 22 February 2018
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