https://www.taxtmi.com/article/detailed?id=5442 The classification of a transaction as a public offer turns on three operative elements: an offer or invitation, that offer/invitation being made by the company, and its being made to fifty or more persons; absent any one element-particularly where no written or visual communication by the company exists-mere allotment following investor applications does not attract the deeming fiction in section 67(3) or section 73. en-us Mon, 20 Jan 2014 06:08:14 +0530 Mon, 20 Jan 2014 06:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5442 The classification of a transaction as a public offer turns on three operative elements: an offer or invitation, that offer/invitation being made by the company, and its being made to fifty or more persons; absent any one element-particularly where no written or visual communication by the company exists-mere allotment following investor applications does not attract the deeming fiction in section 67(3) or section 73. Articles Corporate Laws / IBC / SEBI Mon, 20 Jan 2014 06:08:14 +0530 https://www.taxtmi.com/article/detailed?id=5442