Prospectus ‑ Shares reserved for subscription on firm allotment basis ‑ Whether excluded in arriving at number of shares offered to public for subscription

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..... ‑ Whether excluded in arriving at number of shares offered to public for subscription In a recent prospectus, it was observed that shares which were reserved for subscription on firm allotment basis were included in the number of shares offered to the public for subscription stated in the prospectus. Such a presentation would almost invariably be confusing to the intending investor .....

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..... ed with such matter, should ensure that shares reserved for subscription or firm allotment basis are excluded in arriving at the number of shares offered to the public for subscription to be mentioned in the prospectus. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TM .....

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