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The Reports:
i) An auditor's report showing:
a) Profits or losses in each of the last FIVE years.
b) Rate of dividend during the last five years.
c) Assets and liabilities at the date of the last accounts.
d) Similar details with regard to subsidiary companies, if any.
ii) Whether the proceeds of the matter are to be used to buy a business, a report by named accountants on the profits or losses of the business for the last five years, and its assets and liabilities at the date of the last accounts.
iii) Whether the proceeds of the matter are to be used to buy shares in a subsidiary, a similar report as in (ii) above.
Act defined a traffic indication: However in EVANS v CROSS, Evans was charged by ignoring namely, a traffic sign, a white line painted in the middle of a road, whether overtak
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