State the statutory requirements in relation to Prospectus.

1.	State the statutory requirements in relation to Prospectus.
Answer» Prospectus is an invitation to public to purchase its share and debentures. It is issued after the formation of company. The following are the statutory requirements in relation to Prospectus: Draft Prospectus to be made Public: A draft prospectus filed with SEBI by the company should be made available to the public and to the stock exchange where the company wants to lists its shares. Signed by Director’s: Prospectus must be signed by all directors or by duly authorised attorney. Registration of Prospectus: A copy of the prospectus must be registered with ROC before issuing it to the public. Dating of Prospectus: A prospectus has to be dated. The date on the prospectus is considered as the date of publication of prospectus. Issuing Prospectus to Public: Prospectus must be issued to the public within 90 days from the date of registering a copy with the ROC.

Answer»

Prospectus is an invitation to public to purchase its share and debentures. It is issued after the formation of company.

The following are the statutory requirements in relation to Prospectus:

Draft Prospectus to be made Public: A draft prospectus filed with SEBI by the company should be made available to the public and to the stock exchange where the company wants to lists its shares.
Signed by Director’s: Prospectus must be signed by all directors or by duly authorised attorney.
Registration of Prospectus: A copy of the prospectus must be registered with ROC before issuing it to the public.
Dating of Prospectus: A prospectus has to be dated. The date on the prospectus is considered as the date of publication of prospectus.
Issuing Prospectus to Public: Prospectus must be issued to the public within 90 days from the date of registering a copy with the ROC.

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