The main difference is that a shelf prospectus has no deal associated with it and is expected to be acted upon within two years. A prospectus has a deal already associated with it.
'Abridged Prospectus' is a shorter version of the Prospectus and contains all the salient features of a Prospectus. It accompanies the application form of public issues.
Abridged Prospectus" means...
A company issues a prospectus to generate money from the public whereas, when a company do not want to generate money from public therefore issues a statement in lieu of prospectus
According to sec 56(3), no one can issue any form of application for shares or debentures of a company unless it is accompanied by a memorandum containing such salient features of a prospectus as may...