Companies Act, 1973 (Act No. 61 of 1973)Chapter VI: Offering of Shares and ProspectusProspectus148A. Permission to omit information |
1) | The Registrar may, on application, allow information required under section 148 to be omitted from the prospectus, if the Registrar is satisfied that- |
a) | publication of the information would be unnecessarily burdensome for the applicant, seriously detrimental to a company mentioned in section 148(1)(a) or against the public interest; and |
b) | users will not be unduly prejudiced by the omission. |
2) | An application under subsection (1) shall be in writing and accompanied by the prescribed fee. |