A public limited company is allowed to invite public for subscription, and for the shares of the company, they also invite the general public to invite the debentures and other kind of investments. But even a public limited company need not necessarily go to public for money. The promoters may raise the necessary capital through … Read more

A statement in lieu of prospectus.According to the companies' ordinance if a public company is not issuing a prospectus on its formation, it then must file a statement in lieu of prospectus with the registrar of the companies. A statement n lieu of prospectus is defined as: "A public document prepared in the second schedule … Read more