What is an Abridged Prospectus?

Last Updated at: September 29, 2019
14588

According to Sec. 56(3) of the Companies Act of 1956, a company cannot issue applications for issue of share or debentures. It cannot do so if it does not contain the salient features of the prospectus of the memorandum. This is known as ‘abridged prospectus’. In other words ‘abridged prospectus’ is a one that contains the salient features of the memorandum of the prospectus.

Ask a Free Legal advice

0

What is an Abridged Prospectus?

14588

According to Sec. 56(3) of the Companies Act of 1956, a company cannot issue applications for issue of share or debentures. It cannot do so if it does not contain the salient features of the prospectus of the memorandum. This is known as ‘abridged prospectus’. In other words ‘abridged prospectus’ is a one that contains the salient features of the memorandum of the prospectus.

Ask a Free Legal advice

0

FAQs

No FAQs found

Add a Question


No Record Found
SHARE