PRC-3 · Chapter 2 · Question 27 of 61
Nova Technologies wants to raise Rs. 500 million to build a new factory by inviting the general public to buy its shares through the stock exchange. What legal structure must Nova Technologies have?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Public Limited Company
Explanation
Only a Public Limited Company is legally permitted to issue a prospectus and offer its shares to the general public via a stock exchange.
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