Chapter 6: Prospectus and Commencement of Business

Question 1

For the approval from Commission, Company applies to commission at least what days is before proposed date of publication

Answer 1

21 days

Question 2

Approval of commission will be valid for what days from the date of approval?

Answer 2

60 days, or longer in case of a shelf prospectus pr if approved by the commission

Question 3

Public subscription shall commence after what days but within what days of issue of prospectus?

Answer 3

7 days but within 30 days of issue of prospectus

Question 4

Private company which is converted into such public company within what time of incorporation is required to obtain the certificate of commencement of business

Answer 4

1 year