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Companies Act, 1973 (Act No. 61 of 1973)

Schedule 3 : Matters which must be stated in a Prospectus in addition to those specified in the Act

 

 

Interpretation

 

For the purposes of this Schedule, unless the context otherwise indicates-

a) in respect of any property hired or proposed to be hired by the company, this Schedule shall have effect as if the expression "vendor" included the lessor and the expression "purchase money" included the consideration for the lease;
b) "mining company" means, without limiting the generality thereof, any company which carries on or proposes to carry on mining, development or prospecting for or exploitation of any mineral resources, or which acquires or proposes to acquire any mineral rights thereto or options thereon;
c) "property" includes movable and immovable property and, without limiting the generality thereof, shares in any other body corporate but does not include any property if its purchase price is not material;
d) "the Act" means the Companies Act, 1973;
e) "vendor" includes any person who, directly or indirectly, sells or otherwise disposes of any property to the company.

 


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