International Journal of Academic Research and Development

International Journal of Academic Research and Development


International Journal of Academic Research and Development
International Journal of Academic Research and Development
Vol. 2, Issue 3 (2017)

Improving common investor confidence in public issues of India


Dr. Gyanendra Kumar Sahu

This Initial Public Offering can be made through the fixed price method, book building method or a combination of both. The provisions of the Act relating to prospectus are not attracted unless the prospectus is issued. “Issued” here means issued to the public. What does or does not amount to an issue is a question of fact in each case and is not capable of exact definition. In Nash v Lynd it was held that “the term ‘issue’ is not satisfied by a single private communication”. The facts were that a document marked “strictly private and confidential” but in form a prospectus was prepared by the defendant, the managing director of a company. But the document did not contain all the material facts required by the Act to be disclosed.
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How to cite this article:
Dr. Gyanendra Kumar Sahu. Improving common investor confidence in public issues of India. International Journal of Academic Research and Development, Volume 2, Issue 3, 2017, Pages 147-149
International Journal of Academic Research and Development International Journal of Academic Research and Development