Abridged prospectus
Definition of Abridged prospectus
Whenever a company wants to raise money from the public they list themselves on the stock exchanges. The two most popular stock exchanges in India are NSE & BSE. One of the most important aspects for any company while going public is issuing a prospectus.
A prospectus is a detailed brochure that contains all the relevant information about the company that the investor should know before investing.
But, since a prospectus is a very long and detailed document. Section 2(1) of the Companies Act of 2013 directs the companies to issue a brief and informative brochure called as the Abridged Prospectus.
