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Commerce · Q489

Business and Commerce

Graduate and Post Graduate · Commerce · question 489

Q489

A private limited company, limited by shares:

A.
Must issue a prospectus
B.
May not issue a prospectus, and may file a statement-in-lieu of prospectus
C.
Is neither required to issue a prospectus nor to file a statement-in-lieu of prospectus
Answer
D.
Must issue a prospectus and also file a statement in lieu of prospectus

Answer: Option C

Solution

Answer: Option C
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