Section 60 - Registration of prospectus.

Registration of prospectus required before issue, with prescribed consents and attachments; penalties apply for non-compliance.

Section 60 mandates delivery to the Registrar, on or before publication, of a copy of every prospectus signed by each director or proposed director (or authorised agent) with required consents of experts and, for general issues, specified contracts or memoranda and statements explaining report adjustments. The prospectus must state that a copy was delivered and identify attached documents. The Registrar will not register a prospectus unless prescribed statutory requirements and consents are complied with. A prospectus issued after ninety days from delivery is treated as unregistered, and issuance without required delivery or endorsements attracts a monetary penalty on the company and knowingly involved persons.