Under Chapter III of the Companies Act, 2013, which deals with prospectus and allotment of securities, which of the following statements is correct regarding the issuance of a prospectus?
1
A prospectus can be issued even if it does not contain all the prescribed details.
2
A prospectus must be filed with the Registrar of Companies before it is issued to the public.
3
A prospectus is only required for private placement of shares.
4
The issuance of a prospectus is optional for public companies.
5
A prospectus can be issued without being approved by the Securities and Exchange Board of India (SEBI).