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    <description>Companies must designate a registered office and verify it with the registrar; furnish requested copies of the memorandum and articles to members subject to daily penalties; public offers must issue securities in dematerialised form and IPO applications must include an abridged prospectus; authors of prospectuses containing untrue or misleading statements face statutory liability. Listed and prescribed companies must annex a practicing company secretary&#039;s secretarial audit report to the board&#039;s report, provide full assistance for the audit, explain any qualifications in the board&#039;s report, and face prescribed fines for contraventions. Global depository receipts require a special resolution; share certificates are prima facie evidence of title and duplicate certificates may be issued where originals are lost, destroyed, defaced or surrendered.</description>
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