Law library · Sierra Leone · The Companies Act, 2009
Section 504, The Companies Act, 2009
In forceThe Companies Act, 2009, Sierra Leone
(1) Notwithstanding the provisions of section 495, it shallbe lawful to make an invitation to the public to acquire or dispose of
any securities of a public company, if–
(a) within 6 months prior to the making of the
invitation there has been delivered to the
Commission and registered by it in
accordance with this Act a prospectus relating
to such securities complying in all respects
with the relevant provisions of section 497.
(b) except as provided in subsection (2), every
person to whom the invitation is made is
supplied with a true copy of such prospectus;
(c) every copy of the prospectus states on its
face that it has been, at the time when the
invitation is first made, registered by the
Commission and the date of registration.
(2) Paragraph (b) of subsection (1) shall not apply to an
invitation made under or through a member or to an invitation made
by or through an approved stock exchange to a client of that member
or to an invitation made by or through a licensed dealer.
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