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Companies Law - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Withdrawal of the share application money - The prospectus ...


Company Prospectus: Share Applications Are Offers, Can Be Withdrawn Before Acceptance.

February 6, 2013

Case Laws     Companies Law     HC

Withdrawal of the share application money - The prospectus issued by a company was an invitation to offer and if the application for shares is made, pursuant to issuance of a prospectus, it was only an offer which could be withdrawn at any stage before its acceptance. - HC

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