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第一节招股章程发布程序一、筹集资本的方法公司在需要资本以便进行经营活动时,除了可以借助购货贷款(trade credit)或短期贷款来解决外,可以用发行股票或借债的办法,通常用发行债券的办法来筹集。向社会公开发出的认股(或有时是)、购股的邀请书(offer) 就是招股章程,招股章程必须符合一系列制定法规则的规定。(见《1918年公司法》第455条之一的规定)因为,不管是招认股份还是招购债券,所需遵循的规则都是相同的(只有极少数例外),所以,在本章中采用“证券”(Securities)一词来概括这两类债券或其中的一种。
Section 1 Procedures for Issuance of Prospectuses I. Methods for Raising Capital Companies may need to use capital issuance or borrowing when they need capital in order to conduct their business activities, except for trade credit loans or short-term loans, Use debt bond issuance. Public offerings made to the public (or sometimes), the offer of a share purchase is a prospectus, and a prospectus must comply with a set of rules of law. (See Section 455 of the 1918 Companies Act.) Because the rules to follow are the same (with a few exceptions), whether it is the admission of shares or the purchase of bonds, the “ Securities ”to summarize one or the other of these two types of bonds.