TMI BlogProspectus ‑Advertisement in newspapers - Suggested proformaX X X X Extracts X X X X X X X X Extracts X X X X ..... rs and the reports set out and specified respectively in Part I and Part II of Schedule II to the Act, read with Part III of that Schedule . Section 66 further provides that where any prospectus is published as a newspaper advertisement, it shall not be necessary in the advertisement to specify the contents of the memorandum of association or the signatories thereto, or the number of shares s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... It is not a prospectus Announcement not being a prospectus or an invitation to the public to subscribe The announcements of the nature referred to above amount, in effect, to publication of prospectuses in an abridged form and such practice may be said to offend the provisions of section 56, with the consequent liability to penalties under the law and the individual civil liability of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in which company promoters and managements may make announcement of their intention to issue a prospectus. In support of this suggestion, it has been pointed out that in the UK and the USA only a bare announcement of the proposal of a company to issue its prospectus is published in newspapers, and prospective investors are expected to contact the brokers or bankers named in the announcement for co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d other publications. Where an announcement is to be made in the proforma, it will be essential to make such an announcement sufficiently in advance of the date on which the list will be opened for public subscription so as to allow sufficient time for the prospective investors to get copies of the prospectus and any other particulars relevant to the issue. - Circular - Trade Notice - Public Not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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