i. Prospectus can be issued by a private company. ii. Only public companies can issue Prospectus.

State whether the following statements are True or False:

i. Prospectus can be issued by a private company.

ii. Only public companies can issue Prospectus.

iii. The prospectus must be issued within 1 year from the date of filing it with the ROC.

iv. Actions can be taken against a company or its officers for misstatements in the prospectus.

v. Every company has to issue a shelf prospectus every time it offers shares to the public.

vi. Red Herring prospectus does not contain details of the price at which shares will be sold by the company.

vii. Letter of the offer is issued at the time of Rights Issue.