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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.
Void Contracts - Law of Contract However these are contracts which the law treats as non-existent. Thus as a general rule illegal contract is only void although not certain r
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