21. Distinguish Between Prospectus And Statement In Lieu Of Prospectus?
Prospectus is prepared for filing with the registrar of companies and publicity whereas Statement in Lieu of Prospectus is prepared only for filing purpose. Prospectus does publicity and has a selling approach whereas Statement in Lieu of Prospectus is prepared for fulfilling the legal formality of filing with the Registrar of the companies and has an informative approach.