A private limited company limited by shares

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A private limited company, limited by shares:

A. Must issue a prospectus

B. May not issue a prospectus, and may file a statement-in-lieu of prospectus

C. Is neither required to issue a prospectus nor to file a statement-in-lieu of prospectus

D. Must issue a prospectus and also file a statement in lieu of prospectus

Answer: Option C

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