Indian Financial System - Contents of Prospectus - Notes - Finance, Study notes of Business Administration

Download Indian Financial System - Contents of Prospectus - Notes - Finance and more Study notes Business Administration in PDF only on Docsity! Contents of Prospectus Prospectus should disclose all material and essential factors about the company to the intending purchasers of shares. A prospectus should specify: (1) Main objects of the company and particulars about signatories to the memorandum and number of shares owned by them (2) Number and classes of shares. (3) Number of redeemable preference shares. (4) Qualification shares of a director and their remuneration. (5) Particulars about directors and managing directors. (6) Minimum subscription for Shares. (7) The time and opening of subscription list. (8) The amount payable on application and allotment on each share. (9) Particulars of any option to subscription for shares. (10) Shares issued for consideration other than cash. (11) Premium on shares issued within two years preceding the date of prospectus. (12) Name of underwriter. (13) Particulars of vendors of property purchased or proposed to be purchased by the company. (14) Underwriting commission. (15) Preliminary expenses and issue expenses and to whom payable. (16) Any benefit given to promoters within the last two years or proposed to be given and the consideration for giving the benefit. (17) Particulars of contract other than those entered into in the ordinary course of business. (18) Particulars of auditors. (19) Nature of interest of every director or promoter. (20) Voting and dividend rights. (21) Length of time of business. (22) Capitalization of profits and surplus from revaluation of assets. (23) Specification of time and place for inspection of balance sheet and profit and loss account.