(a)to public through prospectus (herein referred to as “public offer ”) by complying with the
provisions of this Part; or
(b)through private placement by co mplying with the provisions of Part II of this Chapter; or
(c)through a rights issue or a bonus issue in accordance with the provisions of this Act and in case
of a listed company or a company which intends to get its securities listed also with the provi sions of
the Securities and Exchange Board of India Act, 1992 (15 of 1992) and the rules and regulations made
thereunder.
(a)by way of rights issue or bonus issue in accordance with the provisions of this Act; o r
(b)through private placement by complying with the provisions of Part II of this Chapter.
5[(3) Such class of public companies may issue such class of securities for the purposes of listing on
permitted stock exchanges in permissible foreign jurisdictio ns or such other jurisdictions, as may be
prescribed.
(4)The Central Government may, by notification, exempt any class or classes of public companies
referred to in sub -section (3) from any of the provisions of this Chapter, Chapter IV, section 89, sectio n 90
or section 127 and a copy of every such notification shall, as soon as may be after it is issued, be laid before
both Houses of Parliament.]
Explanation. -For the purposes of this Chapter, “public offer ” includes initial public offer or further
public offer of securities to the public by a company, or an offer for sale of securities to the public by an
existing shareholder, through issue of a prospectus.