Prospectus
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Banking Regulations and Business Laws — CAIIB.
One-liners from this chapter
Free sample — 8 of 79 rapid-fire Q&A cards.
1 — Ingredient / Explanation?
Ingredient: Document; Explanation: Must be in writing — oral invitations are not prospectuses.
2 — Ingredient / Explanation?
Ingredient: Invitation to the public; Explanation: Must be an offer to a section of the public (not a private circle).
3 — Ingredient / Explanation?
Ingredient: For subscription / purchase of securities; Explanation: Shares, debentures, bonds or other instruments under SCRA, 1956.
Red Herring Prospectus (RHP) — Section / Plain-language meaning?
Section: Sec. 32; Plain-language meaning: Does not contain complete particulars of the quantum or price of securities.
Shelf Prospectus — Section / Plain-language meaning?
Section: Sec. 31; Plain-language meaning: A single prospectus for multiple issues of securities over a fixed period (up to one year).
Abridged Prospectus — Section / Plain-language meaning?
Section: Sec. 33 (read with Sec. 2(1)); Plain-language meaning: A condensed summary of the full prospectus — must accompany every application form.
Deemed Prospectus — Section / Plain-language meaning?
Section: Sec. 25; Plain-language meaning: An offer-for-sale document issued by an intermediary that is treated as a prospectus.
Company?
Fine not less than Rs. 50,000 which may extend to Rs. 3,00,000.
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