SCHEDULES
C1C2F2SCHEDULE 3 Mandatory Contents of Prospectus
Sch. 3 applied with modifications by S.I. 1985/680, regs. 4–6, Sch.
Sch. 3 modified by S.I. 1991/823, reg. 2(1), Sch.1
F1Part I Matters to be Stated
Sch. 3 repealed by Financial Services Act 1986 (c. 60, SIF 69), s. 212(3), Sch. 17 Pt. I (the repeal being or coming into force as mentioned in S.I. 1986/2246, art. 5, Sch. 4, 1988/1960, art. 4 (as amended) and S.I. 1988/2285, art. 5 and being otherwiseprosp.)
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.
Schs. 1-15B repealed (prosp.) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16 and the repeal being partly in force, as to which see individual provisions