Second Schedule – Statement in lieu of prospectus
The form of statement a public company files with the registrar before commencing business when it has not issued a prospectus.
Who it applies to
Public companies that do not issue a prospectus
Rates and limits
| Item | Rate / rule |
|---|---|
| Filed with | Form-22 (commencement of business) |
| Contents | Name, capital, directors, promoters, shares and debentures, underwriting, material contracts and auditors |
How it works in practice
A public company cannot start business or borrow until the registrar records commencement under s.19.