Oxford University Press 2013. All rights reserved.CO LAW -2 Introduction and Interpretation Prospectus MembershipShare and Share CapitalBorrowing Powers, Debentures, and Charges Oxford University Press 2013. All rights reserved.INTRODUCTION AND INTERPRETATION Oxford University Press 2013. All rights reserved.PROSPECTUS Oxford University Press 2013. All rights reserved.PROSPECTUSTypes of prospectus:Shelf prospectus (Sec. 60A)Information memorandumRed herring prospectusAbridgedOfer documentDraft ofer document Oxford University Press 2013. All rights reserved.PROSPECTUS Oxford University Press 2013. All rights reserved.MEMBERSHIP Oxford University Press 2013. All rights reserved.MEMBERSHIPu!"#$c!t#o%s for Me&'ers(#person Any person who is competent to contract as per Sec. 11, Indian Contract Act, 1!".artnership !rm Partners can be indi#iduals or $oint shareholders. A %rm is unincorporated, hence not a person& it cannot be entered as a member in the register o' members."ompan# I' authori(ed by its articles o' association, it becomes a member o' anothercompany.Insol$ent In so 'ar as his name already appears on the register o' members, he has themembership and is entitled to #ote, although his shares may #est in the recei#er.%oreigner A 'oreigner may become a member as long as his country is not an enemycountry.&inor A minor cannot become a member)any agreement with the minor is #oid. Oxford University Press 2013. All rights reserved.MEMBERSHIP Oxford University Press 2013. All rights reserved.SHARE AND SHARE CAPITAL Oxford University Press 2013. All rights reserved.SHARE AND SHARE CAPITAL Oxford University Press 2013. All rights reserved.SHARE AND SHARE CAPITAL Oxford University Press 2013. All rights reserved.SHARE AND SHARE CAPITAL Oxford University Press 2013. All rights reserved.BORROWIN) POWERS* DEBENTURES* AND CHAR)ES Oxford University Press 2013. All rights reserved.BORROWIN) POWERS* DEBENTURES* AND CHAR)ES Oxford University Press 2013. All rights reserved.BORROWIN) POWERS* DEBENTURES* AND CHAR)ES Oxford University Press 2013. All rights reserved.BORROWIN) POWERS* DEBENTURES* AND CHAR)ES