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

Chapter VI: Offering of Shares and Prospectus

Prospectus

156. Time limit for issue of prospectus

 

 

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.