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What is a Prospectus? Explain the Importance and Contents of Prospectus

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What is a Prospectus? Prospectus is an invitation issued to the public to offer for purchase/subscribe shares or debentures of the company. In other words, any advertisement offering shares or debentures of the company for sale to the public is a prospectus. A company secures capital by the issue of prospectus inviting deposits or offers for shares and debentures from the public. Contents of Prospectus The contents of the prospectus have been specified in Schedule II of the Companies Act. The important contents in the prospectus include the following. 1. Name and address of the company 2. Objects of the company 3. Full particulars of the signatories to the Memorandum and number of shares taken by them. 4. The names, addresses and occupations of the directors, managing directors or managers etc. 5. The number and classes of shares. 6. The minimum subscription. 7. The qualification shares of a director and the remuneration of the directors. 8. The amount payable ...
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Definition of a Company Secretary.Explain Rights and DUTIES OF THE COMPANY SECRETARY

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Definition of a Company Secretary: A Company Secretary means “a person who is a member of the Institute of Company Secretaries of India” According to Section 2(45) of the Companies Act, 1956, “Secretary means any individual possess­ing the prescribed qualifications, appointed to per­form the duties which may be performed by a sec­retary under this Act and any other ministerial or administrative duties”. * Rights of the Company Secretary.. Rights of a Company Secretary are: 1. As the head of the secretarial department, the Secretary has the right to control, direct and supervise the activities of the department. 2. As the principal executive officer of the com­pany the Secretary has the right to sign documents which require authentication of the company. 3. The Secretary has the right to get remunera­tion from the Company. As an officer of the com­pany he has the right to claim two months’ salary as a preferential creditor at the time of winding-up of the company. 4....
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What is a prospectus? write the contents of a prospectus

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What is a prospectus?  After the receipt of certificate of incorporation, if the promoters of a public limited company wishes to issue shares to the public, he will issue a document called prospectus. It is an invitation to the public to subscribe to the share capital of the company. The companies Act, 1956 defines prospectus as any document described or issued as a prospectus and include any notice, circular, advertisement or other documents inviting deposits from the public or inviting offer from the public for the subscription of shares. It is circulated among the public in printed pamphlets. It gives all necessary information about the company so that the prospective shareholders may fully understand the objectives and the plans of the company. the various contents of a prospectus. Contents: The following important matter are included in the prospectus: 1 The prospectus contains the main objectives of the company, the name and addresses of the signatories of the m...
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