It is very common for companies to get an announcement regarding proposed issue of shares/ debentures inserted in the leading newspapers. It is not required by company law to do so' But it is done in order to invite the attention of the public to the proposed issue. On the top of the insertion it is given that. "It is only an announcement and not a prospectus", in order to avoid provisions under s.56 for publishing an incomplete prospectus.
Thursday, 17 April 2014
12.5.21 (Announcement Regarding Proposed Issue of Capital)
It is very common for companies to get an announcement regarding proposed issue of shares/ debentures inserted in the leading newspapers. It is not required by company law to do so' But it is done in order to invite the attention of the public to the proposed issue. On the top of the insertion it is given that. "It is only an announcement and not a prospectus", in order to avoid provisions under s.56 for publishing an incomplete prospectus.
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