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Form of Statement in lieu of prospectus to be delivered to Registrar by a private company on becoming a public company and reports to be set out therein

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..... irectors or proposed directors; ( b ) managing director or proposed managing director; ( c ) [1] [* * *] ( d ) [2] [* * *] ( e ) manager or proposed manager. Any provision in the articles of the company, or in any contract irrespective of the time when it was entered into as to the appointment of and remunera-tion payable to the persons referred to in ( a ), ( b ) [3] [* * *] and ( e ) above Amount of shares issued. ...... shares Amount of commission paid or payable in connection therewith. Amount of discount, if any, allowed on the issue of any shares, or so much thereof as has not been written off at the date of the statement. Unless more than two years have elapsed since the date on which the company was entitled to commence business: Amount of preliminary expenses. Rs. ................ By whom those expenses have been paid or are payable. Amount paid or intended to be paid to any promoter. Name of promoter ......... Amount Rs. ................ Consideration for the payment. Consideration ............. Any other benefit given or intended to be given Name of promoter ......... to any promoter. Nature and value of benefi .....

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..... will. Debentures Rs............. Goodwill Rs............. Short particulars of every transaction relating to each such property which was completed within the two preceding years and in which any vendor to the company or any person who is, or was at the time thereof, a promoter, director or proposed director of the company had any interest direct or indirect. Amount (if any) paid or payable as commission Amount paid............... for subscribing or agreeing to subscribe or Amount payable........... procuring or agreeing to procure subscriptions Rate per cent............... for any shares or debentures in the company; or rate of the commission. The number of shares, if any, which persons have agreed to subscribe for a commission. If it is proposed to acquire any business, the amount, as certified by the persons by whom the accounts of the business have been audited, of the net profits of the business in respect of each of the five years immediately preceding the date of this statement, provided that in the case of a business which has been carried on for less than five years, and the accounts of which have only been made-up in respect of four years, three years, two y .....

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..... e for services rendered or to be rendered to the company by him or by the firm. Rates of the dividends (if any) paid by the company in respect of each class of shares in the company in each of the five financial years immediately preceding the date of this statement or since the incorporation of the company, whichever period is shorter. Particulars of the cases in which no dividends have been paid in respect of any class of shares in any of these years. (Signatures of the persons above named as directors ............. or proposed directors, or of their agents authorised ............. in writing.) ............. Date............. ............. PART II Reports to be set out 1. If unissued shares or debentures of the company are to be applied in the purchase of a business, a report made by accountants (who shall be named in the statement) upon ( a ) the profits or losses of the business in respect of each of the five financial years immediately preceding the delivery of the statement to the Registrar; and ( b ) the assets and liabilities of the business as at the last date to which the accounts of the business were made-up. 2. (1) If unissued .....

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..... ts and liabilities as provided by sub-clause (2) and in addition, deal either ( i ) as whole with the combined assets and liabilities of its subsidiaries, with or without the other body corporate's assets and liabilities; or ( ii ) individually with the assets and liabilities of each subsidiary; and shall indicate, as respects the assets and liabilities of the subsidiaries, the allowance to be made for persons other than members of the company. PART III Provisions applying to Parts I and II of this Schedule 3. (1) In this Schedule, the expression "vendor" includes a vendor as defined in Part III of Schedule II. (2) Clause 31 of Schedule II shall apply to the interpretation of Parts I and II of this Schedule as it applies to the interpretation of Part II of Schedule II. 4. If in the case of a business which has been carried on, or of a body corporate which has been carrying on business, for less than five financial years, the accounts of the business or body corporate have only been made-up in respect of four such years, three such years, two such years or one such year, Parts I and II of this Schedule shall have effect as if reference to .....

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