Chamber of Commerce Advocates for Pre-Approval System of Draft Prospectuses Before Registrar Submission, Following 1961 Conference Decision.
A Chamber of Commerce suggested implementing a system for advance approval of prospectuses at the draft stage, prior to their delivery to the Registrar for registration. This aligns with a decision from the Fifth Conference of Regional Directors and Registrars of Companies in September 1961, which recommended informal scrutiny of draft prospectuses by Registrars. The circular reminds all Registrars to ensure this arrangement is in place, and if not already implemented, to do so promptly.
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