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    Admin posted in the group CA Inter Law Discussion Group

    1 year, 3 months ago

    A issue house (share broker) has issued an advertisement in two leading
    newspapers for selling a big number of shares allotted to it by a
    company under a private placement. In which of the following conditions
    the advertisement will not be deemed as prospectus:

    Options:

    (a) Advertisement was given within six months from the date of
    allotment

    (b) Advertisement was given after six months from the date of
    allotment and the issue house paid the entire consideration to
    the company

    (c) The issue house did not pay entire consideration to the company
    till the date of allotment

    (d) advertisement was given within three month from the date of
    allotment