Which is Correct - Abridged Prospectus” is

In a share public issue, Abridged Prospectus” is

            1. A full version of offer document in public issue.

            2. A shorter version of offer document issued along with the application form of a share public issue.

       3. An offer document during draft stage

     

       4. An offer document submitted to SEBI (Securities and Exchange Board of India )

 for approval

            

Ans 2: A shorter version of offer document issued along with the application form of a public issue. 

Explain:

Abridged Prospectus means the memorandum as prescribed in Form 2A under sub-section (3) of section 56 of the Companies Act, 1956.  It contains all the salient features of a prospectus. It accompanies the application form of public issues..!.

In other words ‘abridged prospectus’ is a one that contains the salient features of the memorandum of the prospectus.

Src: SEBI

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