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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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