Companies.
translation thereof certified in the prescribed manner, can be inspected;
(v) the date on which and the country in which the company was incorporated;
(vi) whether the company has established a place of business in the Colony, and, if so, the address of its principal office in the Colony : Provided that the provisions of sub-paragraphs (i), (ii), (iii) and (iv) shall not apply in the case of a prospectus issued more than two years after the date at which the company is entitled to commence business.
(b) subject to the provisions of this section, state the matters specified in Part I of the Fourth Schedule (other than those specified in paragraph of the said Part I) and set out the reports specified in Part II of that Schedule subject always to the provisions contained in Part III of the said Schedule: Provided that-
(a) where any prospectus is published as a newspaper advertisement, it shall be a sufficient compliance with the requirement that the prospectus must specify the objects of the company if the advertisement specifies the primary object with which the company was formed; and
(b) in paragraph 3 of Part I of the said Fourth Schedule a reference to the constitution of the company shall be substituted for the reference to the articles; and
(c) paragraph 1 of Part III of that Schedule shall have effect as if the reference to the memorandum were omitted therefrom.
(2) Any condition requiring or binding any applicant for shares or debentures to waive compliance with any requirement of this section, or purporting to affect him with notice of any contract, document, or matter not specifically referred to in the prospectus, shall be void.
(3) In the event of non-compliance with or contravention of any of the requirements of this section, a director or other person responsible for the prospectus shall not incur any liability by reason of the non-compliance or contravention, if-
203
[CAP. 32
Companies.
translation thereof certified in the prescribed manner, can be inspected;
(v) the date on which and the country in which the company was incorporated;
(vi) whether the company has established a place of business in the Colony, and, if so, the address of its principal office in the Colony : Provided that the provisions of sub-paragraphs (i), (ii), (iii) and (iv) shall not apply in the case of a prospectus issued more than two years after the date at which the company is entitled to commence business.
(b) subject to the provisions of this section, state the matters specified in Part I of the Fourth Schedule (other than those specified in paragraph of the said Part 1) and set out the reports specified in Part II of that Schedule subject always to the pro- visions contained in Part III of the said Schedule: Provided that-
(a) where any prospectus is published as a newspaper advertisement, it shall be a sufficient compliance with the requirement that the prospectus must specify the objects of the company if the advertise- ment specifies the primary object with which the company was formed; and
(b) in paragraph 3 of Part I of the said Fourth. Schedule a reference to the constitution of the company shall be substituted for the reference to the articles; and
(c) paragraph 1 of Part III of that Schedule shall have effect as if the reference to the memorandum were omitted therefrom.
(2) Any condition requiring or binding any applicant for shares or debentures to waive compliance with any requirement of this section, or purporting to affect him with notice of any contract, document, or matter not specifically referred to in the prospectus, shall be void.
(3) In the event of non-compliance with or contraven- tion of any of the requirements of this section, a director or other person responsible for the prospectus shall not incur any liability by reason of the non-compliance or con- travention, if--
203
[САР. 32
No comments yet.
Private notes are available after approval.