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Question
State whether the following statement is True or False:
Every company has to issue shelf prospectus every time it offers shares to the public.
Options
True
False
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Solution
False
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Study the following case/situation and express your opinion:
A public limited company has issued all the shares mentioned in its Memorandum as Authorized Capital. Now the Company wants to make a public issue of 10,000 shares at face value of Rs 100 per share, to raise more funds for its expansion activities :
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