Companies Act, 2008 (Act No. 71 of 2008)

Regulations

Companies Regulations, 2011

Chapter 4 : Offerings of Company Securities

Part C : Items required to be included in a Prospectus

75. Report by directors as to material changes
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Section 3, Paragraph 2 of every prospectus must be a report by the directors of the company setting out any material change in the assets or liabilities of the company or any subsidiary that have occured between—

(a)the end of the financial year of the company, or any subsidiary of the company, in respect of which it's most recent annual financial statements report; and
(b)the date of the prospectus.