Raising the share capital of a company involves the following points:
a) Issue of a prospectus-inviting public to subscribe to its share capital.
b)Application for shares- receiving of applications and their scrutiny
c)Allotment and issue of shares to the shareholders.
d) Issue of shares to members.
a) Issue of Prospectus:
According to sec2(36) if the companies act. :prospectus means any document described or issued as prospectus and includes any notice, for the subscription of purchase of any shares in, or debentures of a body corporate.
b)Application for shares
a) Issue of a prospectus-inviting public to subscribe to its share capital.
b)Application for shares- receiving of applications and their scrutiny
c)Allotment and issue of shares to the shareholders.
d) Issue of shares to members.
a) Issue of Prospectus:
According to sec2(36) if the companies act. :prospectus means any document described or issued as prospectus and includes any notice, for the subscription of purchase of any shares in, or debentures of a body corporate.
b)Application for shares
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