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Characteristics of Prospectus

The salient features of the prospectus can be explained as follows

(1) A prospectus is a written document or document.

(2) It may be in the form of a notice, circular or advertisement.

(3) It may be issued by a public company.

(4) It cannot be issued by a private company.

(5) It is an invitation made by a public company to the public.

(6) The date is mentioned on the prospectus which is considered to be the date of issue of the return.

(7) The prospectus must be signed by every director or proposed director.

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