Statement in lieu of prospectus: mandatory disclosure on capital, promoters, contracts and related-party transactions for companies converting to public status. A private company becoming public must deliver a Statement in lieu of prospectus disclosing nominal capital and its classes, redeemable preference share terms, names and particulars of directors and officers, appointment and remuneration provisions, share issuances and terms (including commissions, discounts, issues other than for cash), preliminary expenses, payments and benefits to promoters with consideration, vendor and property transaction particulars, options, material contracts and inspection rights, auditors' names, directors' interests in acquisitions, and dividend histories for recent years; prescribed signatures and dates are required.