What do you understand by prospectus

Introduction prospectus it also an important document related to the formation of a company private company can comments its business immediately after its incorporation meaning their by that private company needs not to issue it's prospectus will a public company leads to read the necessary capital before it can comments it's business so a public company raises its capital from public and their for issue a prospectus... definition of prospectus prospectus means I document described or issue as a prospectus and include any notice circular advertisement or other document inviting deposits of the public old inviting of done from the public for the subscription of purchase of any share in or dibenture of a body corporate... when prospectus is not required to be issue when the share and debenture are to be allotted the exciting holder of share and debenture win the share and debenture to be allocated are similar to the current already issue share and the benches that are been trade in recognise stock exchange when the allotment of share and debenture is not promised by law as in the case of private company...