Wave Power Limited plans to raise funds through multiple tranches of securities using a shelf prospectus. After completing its first offer, the…
CA Intermediate · Corporate and Other Laws · MTP · January 2026
Wave Power Limited plans to raise funds through multiple tranches of securities using a shelf prospectus. After completing its first offer, the company is preparing for the second offer under the same shelf prospectus. Before proceeding, Wave Power Limited needs to know what information must be filed with the Registrar along with the information memorandum. You as Chartered Accountant, are required to list the details that company is required to include in this information memorandum.
Suggested Answer and Working Notes:
A company filing a shelf prospectus shall be required to file an information memorandum with the Registrar within the prescribed time, prior to the issue of a second or subsequent offer of securities under the shelf prospectus containing; a. All material facts relating to new charges created, b. Changes in the financial position of the company as have occurred between the first offer of securities or the previous offer of securities and the succeeding offer of securities, and c. Such other changes as may be prescribed.
Topics: Prospectus and Allotment of Securities
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