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Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  2000 RevEd
Requirements as to prospectuses and statements of capital
26.—(1)  In any case where, under section 50 of the Companies Act (Cap. 50), it is unlawful to issue, circulate or distribute a prospectus relating to a company without a copy of it being first registered under that Act, it shall also be unlawful, in the case of a company registered or intended to be registered as an insurer under this Act, to do so without the prospectus having been sanctioned by the Authority.
[11/86]
(2)  Any person knowingly responsible for the issue, circulation or distribution of a prospectus in contravention of subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.
[11/86]
(3)  In subsections (1) and (2), “prospectus” includes any document to which the expression applies in section 50 of the Companies Act.
(4)  Where a notice, advertisement or other official publication of a company registered or intended to be registered as an insurer under this Act, contains a statement of the company’s authorised share capital, and does not state therewith how much of that capital has been subscribed and how much is paid up, the company shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000.
[25
[11/86]
Informal Consolidation | Amended Act 41 of 2001
Requirements as to statements of capital
26.  Where a notice, advertisement or other official publication of a company registered or intended to be registered as an insurer under this Act contains a statement of the company’s authorised share capital, and does not state therewith how much of that capital has been subscribed and how much is paid up, the company shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000.
[41/2001 wef 08/01/2002]