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What Is The Prospectus?

2010/12/1 10:37:00 34

Limited stock

company

The prospectus is for the community.

public

Understand the situation of the initiator and the company to be set up, explain the matters related to the issue of the company's shares, and guide the general public to purchase the normative documents of the company's shares.

A company must make a prospectus when it first issues public offerings.

The prospectus is legally valid after approval by the relevant government departments, and the company issues shares and shares.

Launch

All actions taken by the public and the public to subscribe to shares shall comply with the relevant provisions of the prospectus in addition to the relevant provisions of the state. Violators shall bear corresponding responsibilities.

(1) the statutory contents of the prospectus. After the adoption of the company law, the prospectus shall be accompanied by the articles of association formulated by the sponsors and specify the following items:

(1) the number of subscriptions subscribed by the initiator;

(2) the issuing price of the face value of each share;

(III) the total number of bearer shares issued;

(4) the rights and obligations of subscribers;

(5) when the time limit for the raising and closing of the stock is raised and when the time limit is not raised, the subscriber can withdraw the shares that he recognizes.

(2) the form of prospectus.

Generally speaking, the prospectus shall be in written form, and the format shall be determined by the sponsors themselves.

(3) the formulation of prospectus.

The prospectus shall be formulated by the sponsors and submitted to the authorized department for examination and approval after the approval of all promoters.

(4) approval of prospectus.

The approval of prospectus is generally carried out by the authorized department of the government.

At present, only two cities of Shenzhen and Shanghai are listed on the stock market. The prospectus for the establishment of Limited by Share Ltd in the two cities is approved by the people's Bank of China and the people's Bank of China.

Other regions with listed trading conditions can only be listed on the stock exchanges of Shenzhen and Shanghai. The prospectus is approved by the State Council stock market listing meeting.

After the approval of the government authorized department, the prospectus shall be announced by the initiator through the media, so that the public can know it.

From the current announcement of the prospectus in our country, the announcement of the prospectus mainly adopts the form of the prospectus issued by the full text of the newspaper.