Acts and Regulations

C-13 - Companies Act

Section 54
Disposition versions

Full text
Contents of prospectus
54(1)Every prospectus of the company, and every notice inviting persons to subscribe for shares in the company, shall contain
(a) the name and location of the company,
(b) a statement showing in full detail the plan upon which the company proposes to transact business,
(c) a copy of, or reference to, all contracts that the company proposes to make or has made with its subscribers or promoters or with any director, and
(d) an itemized account of the financial condition and of the assets and liabilities of the company.
54(2)Every such prospectus or notice that does not comply with this section shall, with respect to any person who takes shares in the company on the faith of such prospectus or notice, be deemed fraudulent on the part of the officers of the company who issue such prospectus or notice.
R.S., c.33, s.53
Contents of prospectus
54(1)Every prospectus of the company, and every notice inviting persons to subscribe for shares in the company, shall contain
(a) the name and location of the company,
(b) a statement showing in full detail the plan upon which the company proposes to transact business,
(c) a copy of, or reference to, all contracts that the company proposes to make or has made with its subscribers or promoters or with any director, and
(d) an itemized account of the financial condition and of the assets and liabilities of the company.
54(2)Every such prospectus or notice that does not comply with this section shall, with respect to any person who takes shares in the company on the faith of such prospectus or notice, be deemed fraudulent on the part of the officers of the company who issue such prospectus or notice.
R.S., c.33, s.53