Distinguish between the following: 'Red-herring prospectus' and 'abridged prospectus'.

Red Herring Prospectus and Abridged Prospectus Section 32 of the Companies Act, 2013 deals with Red Herring Prospectus, the Explanation of the Section defines "Red Herring Prospectus" so as to mean a prospectus which does not include complete particulars of the quantum or price of the securities included therein. A company proposing to make an offer of securities may issue a red herring prospectus prior to the issue of a prospectus. Section 2(1) of Companies Act, 2013 defines "Abridged Prospectus" so as to mean a Memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board of India by making regulations in this behalf. Section 33 states that no form of application can be issued for the purchase of any securities of a company unless it is accompanied by an abridged prospectus.