Publication: Exploring the Options Open to Private Companies to Publicly Offer Securities on an Exchange
Publication: Exploring the Options Open to Private Companies to Publicly Offer Securities on an Exchange
Under the Companies and Allied Matters Act (CAMA), private companies are generally restricted from publicly offering their securities or inviting the public to subscribe to them. Despite the enactment of the Business Facilitation Act, it appears that the situation for private companies hasn't significantly improved from its prior state. However, there are exceptions allowing private companies to publicly offer their securities through various methods. These exceptions are explored in detail in subsequent paragraphs. Additionally, the article delves into how publicly offered securities by private companies are handled in the UK, South Africa, and India.
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