Permission to sell shares to the public 

25. Permission to sell shares to the public will be given to a public company to an amount equivalent to the amount paid up by its members for the time being for the shares of the company. 

Form of the prospectus 

26. The prospectus stated in section 24 of this Act shall be in the form stipulated in section 27 of this Act and in accordance with the regulations promulgated under this Act. 

Contents of the prospectus 

27. The prospectus stated in section 24 of this Act shall contain the following: 

      (a) details of the assets, liabilities and other obligations of the company. 
      (b) financial status of the company. 
      (c) information required by investors to invest in the company and any other information generally expected by investors to be included in the prospectus. 
      (d) contain such information as may be prescribed by regulations made under this Act. 

Back to "Company Act" Contents