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Q: In which document is the authorized capital of company mentioned ?

Ans: The Memorandum of Association ("MOA") of a company sets out the basic reasons and features with which the company is incorporated. The 'conditions contained in the Memorandum of Association are actually the basis of the existence of the company such as its name, the situation of its registered office, the objects for which the company is established, whether the liability of the members is limited or unlimited, the authorized capital of the company and the undertaking by the subscribers to subscribe to a particular number of shares.
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Q: Elaborate Section 2(5) of companies act ?

Ans: The Articles of Association of a company is a regulating document of a company that sets out the rules, regulations, and contracts between the members of the company and company. They have been defined under Section 2(5) of the Companies Act, 2013 .
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Q: What do we mean by General Corporate, Investment, M&A & Financing ?

GENERAL CORPORATE, INVESTMENT,M&A & FINANCING Amendment of the Articles of Association of a company. Both terms often refer to the joining of two companies, but there are key differences which are involved in when to use them. A merger would occur when two distinct entities combine forces to create a new, joint organization. Meanwhile, an acquisition would refer to the takeover of one entity by another entity. 
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Q: Elaborate the case of Pramatha Nath Sanyal vs Kali Kumar Dutt on 3 November, 1924 ?

Ans: In the case of Pramatha Nath Sanyal C. Kali kumar Dutt, the company gave an advertisement about the remaining shares of company in newspaper. The court held that the advertisement of newspaper will also be considered as prospectus. The company will have to mention about itself in the prospectus i.e. working areas of company, litigation on company if any,  etc.
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Q: Can a prospectus be issued to existing shareholders ?

Ans:  The prospectus is a document and it can be a circular or advertisement or anything that is issued to raise funds from public at large and not from existing shareholders is known as prospectus.
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Q: Is prospectus a general offer ?

Ans: Prospectus is an invitation to offer and not a general offer. First of all,  the prospectus is filed in SEBI by public company. It is that public company of which public issue i.e., IPO or FPO is about to come. A Follow-On Public Offer (FPO) is a type of public offering in which a company which is already listed on the stock exchange issues new shares of its stock to the public. The companies that have already raised funds through IPOs by issuing their shares for the first time can also issue additional shares through FPOs.
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Q: What is prospectus under companies act, 2013 ?

Ans: A prospectus is a document through which a public company raises the fund. Prospectus is mentioned under section 2(70) of Companies Act, 2013. Public company is mentioned under section 2(71) of Companies Act,  2013. The promoters of company have significant role in creating the prospectus. Promoters are mentioned under section 2(69) of Companies Act, 2013. If the public company would like to raise fund , the public company can raise the fund through prospectus.
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