Companies Act, 1973 (Act No. 61 of 1973)

Chapter VI: Offering of Shares and Prospectus

Prospectus

156. Time limit for issue of prospectus
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1)No prospectus shall be issued more than three months after the date of the registration thereof, and if a prospectus is so issued, it shall be deemed to be a prospectus which has not been registered.

 

2)Any person who knowingly is a party to the issue of a prospectus in contravention of subsection (1), shall be guilty of an offence.