- 5 Marks
BL – May 2013 – L1 – SB – Q4B – Company Law
Explain two conditions Harddin Limited must fulfill to invite public subscription.
Question
Harddin Limited has informed you of its intention to invite the public to acquire its securities and to deposit money with it for a fixed period payable at call.
You are required to:
Explain TWO conditions that Harddin Limited must fulfill to achieve its proposed plan.
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