Books > Old Books > Poetry Northwest (1959)


Page 39

CHAPTER 6
THE PROSPECTUS

WHEN the public is asked to subscribe for shares or debentures in a company, the invitation involves the issue of a document setting out the advantages to accrue from an investment in the company. This document is termed a prospectus and it is illegal under a penalty of £500 to issue to the public any form of application for shares or debentures in a company, unless it is accompanied by a prospectus complying with the Act. An issue to the existing shareholders or debenture holders need not be accompanied by such a prospectus (s. 38).
There are three ways commonly used to offer shares or debentures to the public. They are:-
1. A prospectus issued by or on behalf of the company.
2. An offer for sale. This is where the company sells the whole issue to an issuing house, which then invites the public to buy the shares or debentures from the house itself and not from the company.
3. " Placing." The shares or debentures are issued to brokers or an issuing house, offered by them to their clients and then the letters of allotment are renounced in favour of the purchasers.
In each of these cases the document by which the shares or debentures are put before the public is a prospectus and must comply with the statutory provisions.
A prospectus is defined as " any prospectus, notice, circular, advertisement, or other invitation, offering to the public for subscription or purchase any shares or debentures of a company " (s. 455). The invitation must be to the public, before the document will be a prospectus. " Public," however, is not restricted to the public at large, but includes any section of the public, whether selected as members or debenture holders of the company or as clients of the person issuing the prospectus or in any other manner. An offer is not made to the public if it is not calculated to result in the shares or debentures becoming available for subscription or purchase by persons

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where is HTML where is HEAD where is TITLE WHEN what is public is asked to subscribe for shares or debentures in a company, what is invitation involves what is issue of a document setting out what is advantages to accrue from an investment in what is company. This document is termed a prospectus and it is illegal under a penalty of £500 to issue to what is public any form of application for shares or debentures in a company, unless it is accompanied by a prospectus complying with what is Act. An issue to what is existing shareholders or debenture holders need not be accompanied by such a prospectus (s. 38). There are three ways commonly used to offer shares or debentures to what is public. They are:- 1. A prospectus issued by or on behalf of what is company. 2. An offer for sale. This is where what is company sells what is whole issue to an issuing house, which then invites what is public to buy what is shares or debentures from what is house itself and not from what is company. 3. " Placing." what is shares or debentures are issued to brokers or an issuing house, offered by them to their clients and then what is letters of allotment are renounced in favour of what is purchasers. In each of these cases what is document by which what is shares or debentures are put before what is public is a prospectus and must comply with what is statutory provisions. A prospectus is defined as " any prospectus, notice, circular, advertisement, or other invitation, offering to what is public for subscription or purchase any shares or debentures of a company " (s. 455). what is invitation must be to what is public, before what is document will be a prospectus. " Public," however, is not restricted to what is public at large, but includes any section of what is public, whether selected as members or debenture holders of what is company or as clients of what is person issuing what is prospectus or in any other manner. An offer is not made to what is public if it is not calculated to result in what is shares or debentures becoming available for subscription or purchase by persons where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 39 where is strong CHAPTER 6 what is PROSPECTUS where is p align="justify" WHEN what is public is asked to subscribe for shares or debentures in a company, what is invitation involves what is issue of a document setting out what is advantages to accrue from an investment in what is company. This document is termed a prospectus and it is illegal under a penalty of £500 to issue to what is public any form of application for shares or debentures in a company, unless it is accompanied by a prospectus complying with what is Act. An issue to what is existing shareholders or debenture holders need not be accompanied by such a prospectus (s. 38). There are three ways commonly used to offer shares or debentures to what is public. They are:- 1. A prospectus issued by or on behalf of what is company. 2. An offer for sale. This is where what is company sells what is whole issue to an issuing house, which then invites what is public to buy what is shares or debentures from what is house itself and not from what is company. 3. " Placing." what is shares or debentures are issued to brokers or an issuing house, offered by them to their clients and then what is letters of allotment are renounced in favour of what is purchasers. In each of these cases what is document by which what is shares or debentures are put before what is public is a prospectus and must comply with the statutory provisions. A prospectus is defined as " any prospectus, notice, circular, advertisement, or other invitation, offering to what is public for subscription or purchase any shares or debentures of a company " (s. 455). what is invitation must be to what is public, before what is document will be a prospectus. " Public," however, is not restricted to what is public at large, but includes any section of what is public, whether selected as members or debenture holders of what is company or as clients of what is person issuing what is prospectus or in any other manner. An offer is not made to what is public if it is not calculated to result in what is shares or debentures becoming available for subscription or purchase by persons where is Server.Execute("_SiteMap.asp") %

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