Question ID : 1683
Regarding Requirement of Prospectus
Is there any necessity to issue a prospectus by a closely held public company for acceptg shares from numerous friends and ives?
a)Is there any Quantum for such number of friends , ives at a time.
b)Is there any maximum amount that can be accepted with out prospectus from friends , ives at a time.
c)Is there any itial freedom from applicability of prospectus for a new public company. '
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