(1) A public company may issue securities—
- to public through prospectus (herein referred to as "public offer") by complying with the provisions of Part I of this Chapter; or
- through private placement, by complying with the provisions of Part II of this Chapter.
(2) A private company may issue securities—
- by way of rights issue or bonus issue in accordance with the provisions of this Act; or
- through private placement by complying with the provisions of Part II of this Chapter.