CAP. 32]

Section

Companies

General Provisions with respect to Memorandum and Articles

[1984 Ed.

Page 23]

23. Effect of memorandum and articles 35

24. Provision as to memorandum and articles of companies limited by guarantee 35

25. Alterations in memorandum or articles increasing liability to contribute to share capital not to bind existing members without consent 35

25A. Power to alter conditions in memorandum which could have been contained in articles 35

26. Copies of memorandum and articles to be given to members 36

27. Issued copies of memorandum to embody alterations 36

Membership of Company

28. Definition of member 36

28A. Membership of holding company 37

Private Companies

29. Meaning of private company 38

30. Circumstances in which company ceases to be or to enjoy privileges of a private company 38

Reduction of Number of Members below Legal Minimum

31. Liability for debts where business carried on without minimum number of members 39

Contracts, etc.

32. Form of contracts 40

32A. Pre-incorporation contracts 40

33. Bills of exchange and promissory notes 41

34. Execution of deeds abroad 41

35. Power for company to have official seal for use abroad 41

Authentication of Documents

36. Authentication of documents 41

PART II

SHARE CAPITAL AND DEBENTURES

Prospectus

37. Dating of prospectus 42

38. Specific requirements as to particulars in prospectus 42

38A. Exclusion of section 38 and relaxation of Third Schedule in case of certain prospectuses 44

38B. Advertisements concerning prospectuses 44

38C. Expert's consent to issue of prospectus containing statement by him 45

38D. Registration of prospectus 45

39. [Repealed] 47

40. Civil liability for misstatements in prospectus 47

40A. Criminal liability for misstatements in prospectus 50

41. Document containing offer of shares or debentures for sale to be deemed prospectus 50

41A. Interpretation of provisions relating to prospectuses 51


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