Being a public company can it issue securities in a private placement offers?
CA Intermediate · Corporate and Other Laws · MTP · May 2025
Being a public company can it issue securities in a private placement offers?
Suggested Answer and Working Notes:
According to section 42 of the Companies Act, 2013 any private or public company may make private placement through issue of a private placement offer letter. Hence, ABC Limited can issue securities in a private placement offer.
Topics: Prospectus and Allotment of Securities
Related Questions in this Topic
- 2,00,000 Equity shares of ₹ 100 each were issued at a premium of ₹ 8 per share by MNC Limited after the offer for the sa...
- XYZ Limited issued a prospectus to raise funds for a new manufacturing project. After successfully raising the funds, th...
- Certain members of Shakun Fabrics Ltd. intend to offer a part of their shareholding in the company to the public, in acc...
- Devarshi Ltd. made a private placement of its securities during F.Y. 2023-24, by offering it, as follows: Type Secur...
- Gloria Tech Solutions Pvt. Ltd. is engaged in developing software products primarily for small and medium-sized enterpri...