https://www.taxtmi.com/circulars?id=10706 Inclusion of shares reserved on a firm allotment basis in the number of shares stated as offered to the public risks confusing or misleading investors; companies must exclude such reserved shares when calculating and disclosing the public offer size, because mere revision after prior announcements may not remedy the misinformation and would impose additional corrective publicity and reissue costs. en-us Thu, 03 May 1962 00:00:00 +0530 Thu, 16 Jun 2011 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10706 Inclusion of shares reserved on a firm allotment basis in the number of shares stated as offered to the public risks confusing or misleading investors; companies must exclude such reserved shares when calculating and disclosing the public offer size, because mere revision after prior announcements may not remedy the misinformation and would impose additional corrective publicity and reissue costs. Circulars Companies Law Thu, 03 May 1962 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10706