09-Oct-2022 10:36 AM
What is the meaning of shelf prospects? Can you plz explain me in detail
As per Section 31 of Companies Act,2013 "Shelf prospectus" means a prospectus in respect of which the securities or class of securities included therein are issued for subscription in one or more issues over a certain period without the issue of a further prospectus. The advantage of a shelf prospectus is that a new prospectus need not be issued every time the company issues securities.
Answer given by Shubhamm Sir at 10-Oct-2022 09:23 PM