Prospectus disclosure requirements mandate prescribed contents, registration with the Registrar, expert consents, time limits and penalties for noncompliance. Prospectus disclosure requirements mandate that every public company prospectus be dated, signed and include prescribed corporate and issue details, banking arrangements, underwriting and authority for the issue, capital structure, offer objects, business and project implementation particulars, detailed project risk disclosures, directors' particulars, auditor reports on financial statements for prescribed periods, statements on the application of proceeds, independent expert consents, a declaration of statutory compliance, delivery to the Registrar before publication with accompanying consents and specified face page statements, a prescribed validity period, and statutory penalties for noncompliance.