Matters and reports, Business Law and Ethics

Matters and Reports:

The matters and reports to be stated in a prospectus may be summarised as follows:

1.      The Matters

The matters to be stated in a prospectus are:

i)                    Directors' and Auditors of the company

a) Directors' names, addresses and occupations.

b) Directors' qualification shares, if any, and their remuneration (if there is a provision in the    articles).

c) Directors' interest in the company's promotion.

d) Auditors' names and postal addresses.

      ii)              Formation expenses

a) Preliminary expenses.

b) Promoters' remuneration.

c) Particulars of options on shares or debentures.

d) Underwriting commission and brokerage.

       iii)        Investor information

a) The minimum subscription.

b) The time of the opening of the subscription lists.

c) Amount payable on application and allotment.

d) Voting and class rights

e) Deferred shares.

         iv)      Company's property and business

a) Particulars of shares and debentures issued otherwise than for cash.

b) Particulars of material contracts.

c) Vendors of property to the company.

d) Amount paid for property to be bought by the company, stating the amount paid for goodwill.

e) Length of time the business has been carried on, if less than three years.

Posted Date: 1/12/2013 3:05:03 AM | Location : United States

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