SCHEDULE 3MANDATORY CONTENTS OF PROSPECTUS
PART IMATTERS TO BE STATED
Interests of directors
13.
(1)
The prospectus must give full particulars of—
(a)
the nature and extent of the interest (if any) of every director in the promotion of, or in the property proposed to be acquired by, the company; or
(b)
where the interest of such a director consists in being a partner in a firm, the nature and extent of the interest of the firm.
(2)
With the particulars under sub-paragraph (1)(b) must be provided a statement of all sums paid or agreed to be paid to the director or the firm in cash or shares or otherwise by any person either to induce him to become, or to qualify him as, a director, or otherwise for services rendered by him or the firm in connection with the promotion or formation of the company.
(3)
This paragraph does not apply in the case of a prospectus issued more than 2 years after the date at which the company is entitled to commence business.