Law library · Sierra Leone · The Companies Act, 2009
Section 507, The Companies Act, 2009
In forceThe Companies Act, 2009, Sierra Leone
(1) Where, after the Commission has given approval ofthe prospectus, but before registration or after such registration any
material change occurs in the business of the issuer, or in any other
manner which would have the effect of rendering the prospectus or
any statement required to be contained in the prospectus or any
other matter concerning the issue to the public generally, untrue,
incomplete, misleading or non-compliant with any applicable law, the
issuer shall promptly inform the Commission of the likely occurrence
or occurrence of such change and the Commission shall give such
directions as it thinks appropriate in the circumstances including the
revocation of the approval so granted.
(2) Where in the circumstances set out in subsection (1)
or in any other circumstances where the Commission considers that
the prospectus, whether before or after registration and before the
closing of the offer period, contains any untrue, incomplete or
misleading statement or does not comply with the law or any listing
rules applicable to the issuer, the Commission may require the
prospectus to be amended or completed or may require that a fresh
document be submitted in its place.
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