Section 25
of International Business Companies Order, 2000
Section 25
(1)
No advertisement offering, or calling attention to an offer or intended offer of, shares in or debentures of an IBC or a foreign international company or proposed IBC to the public shall be published until it has been approved by the Registrar.
Incorporating amendments until S 53/2017
(Clean Vesion) NANI/zimah _ as of 11 February 2020
35
BLUV as at 20th June 2017
(2)
Application for approval of an advertisement shall be lodged with the Registrar together with a copy of the advertisement.
(3)
Any person who publishes or causes to be published an advertisement without the prior approval of the Registrar shall be guilty of an offence and liable on conviction to a fine not exceeding fifty thousand dollars.
Retention of over-subscriptions in debenture issues.