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of <h1>Deemed prospectus rules for post-allotment public offers, presumed intent, disclosure duties and director liability on misstatements</h1> Where a company allots securities with a view to their subsequent public sale, any document offering those securities to the public is deemed a company prospectus. All legal requirements and liabilities relating to prospectus contents, misstatements, and omissions apply, subject to specified modifications, and without prejudicing the liability of the offeror. An allotment is presumed made with a view to public sale if the public offer occurs within six months or if full consideration has not been received by the company when the offer is made. The document must additionally disclose the net consideration to the company and inspection details of the allotment contract, and be signed by specified directors or partners.
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