What is the difference between prospectus and statement in lieu of prospectus?
Basis of comparison Prospectus lieu of prospectus
Meaning it refers to a legal document it refers to a document
published by company to issued by company
invite people for subscribing when they not offer
their shares & debentures. securities to public.
Objective to encourage public to be filed with the
subscription. registrar.
Capital Raised from public. Raised from known sources.
So with the above points it would be quite clear both documents are used in different situuataions & opposite circumstances. Hence, before issuing any of these two ,you must know whether you want public subscription or not..
Meaning it refers to a legal document it refers to a document
published by company to issued by company
invite people for subscribing when they not offer
their shares & debentures. securities to public.
Objective to encourage public to be filed with the
subscription. registrar.
Capital Raised from public. Raised from known sources.
So with the above points it would be quite clear both documents are used in different situuataions & opposite circumstances. Hence, before issuing any of these two ,you must know whether you want public subscription or not..