TaxTMI 
TaxTMI 
Form of Statement in lieu of prospectus to be delivered to Registrar by a private company on becoming a public company and reports to be set out therein
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....sp; (a) directors or proposed directors; (b) managing director or proposed managing director; (c) ^[1][* * *] (d) ^[2][* * *] (e) manager or proposed manager. Any provision in the articles of the company, or in any contract irrespective of the time when it was entered into as to the appointment of and remunera-tion payable to the persons referred to in (a), (b) ^[3][* * *] and (e) above Amount of shares issued. ...... shares Amount of commission paid or payable in connection therewith. Amount of discount, if any, allowed on the issue of any shares, or so much thereof as has not been written off at the date of the statement. Unless more than two years have elapsed since the date on which the company was entitled to commence business:- Amount of preliminary expenses. Rs. ................ By whom those expenses have been paid or are payable. Amount paid or intended to be paid to any promoter. Name of promoter ......... Amount Rs. ................ Consideration for the payment. Consideration ............. Any other benefit given or intend....
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....le in cash, shares or Cash Rs............. debentures for each such property, specifying Shares Rs............. the amount paid or payable for goodwill. Debentures Rs............. Goodwill Rs............. Short particulars of every transaction relating to each such property which was completed within the two preceding years and in which any vendor to the company or any person who is, or was at the time thereof, a promoter, director or proposed director of the company had any interest direct or indirect. Amount (if any) paid or payable as commission Amount paid............... for subscribing or agreeing to subscribe or Amount payable........... procuring or agreeing to procure subscriptions Rate per cent............... for any shares or debentures in the company; or rate of the commission. The number of shares, if any, which persons have agreed to subscribe for a commission. If it is proposed to acquire any business, the amount, as certified by the persons by whom the accounts of the business have been audited, of the net profits of the business in respect of each of the five years immediately preceding the date of this statement, provided that in the case ....
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....ent of all sums paid or agreed to be paid to him or to the firm in cash or shares, or otherwise, by any person either to induce him to become, or to qualify him as, a director, or otherwise for services rendered or to be rendered to the company by him or by the firm. Rates of the dividends (if any) paid by the company in respect of each class of shares in the company in each of the five financial years immediately preceding the date of this statement or since the incorporation of the company, whichever period is shorter. Particulars of the cases in which no dividends have been paid in respect of any class of shares in any of these years. (Signatures of the persons above named as directors ............. or proposed directors, or of their agents authorised ............. in writing.) ............. Date............. ............. PART II Reports to be set out 1. If unissued shares or debentures of the company are to be applied in the purchase of a business, a report made by accountants (who shall be named in the statement) upon- (a) the profits or losses of the business in respect of each of the five financial years immediately prece....
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....ealing separately with the other body corporate's profits or losses, deal as a whole with the profits or losses of the other body corporate and, so far as they concern members of the other body corporate, with the combined profits or losses of its sub­sidiaries; and (b) so far as regards assets and liabilities, deal separately with the other body corporate's assets and liabilities as provided by sub-clause (2) and in addition, deal either- (i) as whole with the combined assets and liabilities of its subsidiaries, with or without the other body corporate's assets and liabilities; or (ii) individually with the assets and liabilities of each subsidiary; and shall indicate, as respects the assets and liabilities of the subsidiaries, the allowance to be made for persons other than members of the company. PART III Provisions applying to Parts I and II of this Schedule 3. (1) In this Schedule, the expression "vendor" includes a vendor as defined in Part III of Schedule II. (2) Clause 31 of Schedule II shall apply to the interpretat....