Definition of Abridged Prospectus

An Abridged Prospectus is a memorandum provided in Section 2(1) of the Companies Act, 2013. It includes all the significant features of a prospectus, specified by the Securities and Exchange Board of India (SEBI).

Points to remember:

• It sidelines with the application form of public issues.
• It is basically a brief version of the information, containing all prescribed details in a prospectus, in order to reduce the public issue of capital.