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Page 43

CHAPTER 6
THE PROSPECTUS

2. partly, out of the proceeds of the issue, or the completion of. the purchase of which has not been effected before the issue (other than contracts in the ordinary course of the company's business), the amount payable in cash, shares or debentures to each vendor, and short particulars of any property transaction within the previous two years in which any vendor, director or promoter of the company had any interest.
A vendor is defined (3) as one who has entered into a contract for the sale or purchase of any property to be acquired by the company in any case where
(a) the purchase money is not fully paid at the date of the issue of the prospectus;
(b) the purchase money is to be paid or satisfied wholly or partly by the proceeds of the issue;
(c) the contract depends for its validity or fulfilment on the result of the issue.
The vendor is not obliged to disclose the price he paid for the property he is selling to the company, even though he may have made the payment only a day or two before the issue of the prospectus.(4)

Examples.-X. buys property from Y. for £100,000 and contracts to sell it to the company for £130,000. X. completes the purchase on April 30th, and on May lst the propsectus is issued. X.'s name only need be given as vendor, and the price he paid to Y. need not be disclosed.
R. buys property from S. for £100,000 and contracts to sell it to the company for £130,000. The purchase is not completed when the prospectus is issued. Both R. and S. must be given as vendors, and the price at which R. is buying from S. must be disclosed.
10. The amount payable in cash, shares or debentures for such property, specifying the amount payable for goodwill.
11. The amount paid within the two preceding years, or payable for commission for subscribing or procuring subscriptions for shares or debentures of the company, or the rate of commission.

This includes underwriting commission and brokerage, but not sub-underwriting commission.

12. The amount or estimated amount of preliminary expenses, and of the expenses of the issue and the persons by whom they have been respectively paid or are payable.
These include the legal expenses incidental to the formation of the company.,

3 Sched. IV, Part III
4 Brookes v. Hansen, [1906] 2 Ch. 129.

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where is HTML where is HEAD where is TITLE 2. partly, out of what is proceeds of what is issue, or what is completion of. what is purchase of which has not been effected before what is issue (other than contracts in what is ordinary course of what is company's business), what is amount payable in cash, shares or debentures to each vendor, and short particulars of any property transaction within what is previous two years in which any vendor, director or promoter of what is company had any interest. A vendor is defined (3) as one who has entered into a contract for what is sale or purchase of any property to be acquired by what is company in any case where (a) what is purchase money is not fully paid at what is date of what is issue of what is prospectus; (b) what is purchase money is to be paid or satisfied wholly or partly by what is proceeds of what is issue; (c) what is contract depends for its validity or fulfilment on what is result of what is issue. what is vendor is not obliged to disclose what is price he paid for what is property he is selling to what is company, even though he may have made what is payment only a day or two before what is issue of what is prospectus.(4) Examples.-X. buys property from Y. for £100,000 and contracts to sell it to what is company for £130,000. X. completes what is purchase on April 30th, and on May lst what is propsectus is issued. X.'s name only need be given as vendor, and what is price he paid to Y. need not be disclosed. R. buys property from S. for £100,000 and contracts to sell it to what is company for £130,000. what is purchase is not completed when what is prospectus is issued. Both R. and S. must be given as vendors, and what is price at which R. is buying from S. must be disclosed. 10. what is amount payable in cash, shares or debentures for such property, specifying what is amount payable for goodwill. 11. what is amount paid within what is two preceding years, or payable for commission for subscribing or procuring subscriptions for shares or debentures of what is company, or what is rate of commission. This includes underwriting commission and brokerage, but not sub-underwriting commission. 12. what is amount or estimated amount of preliminary expenses, and of what is expenses of what is issue and what is persons by whom they have been respectively paid or are payable. These include what is legal expenses incidental to what is formation of what is company., 3 Sched. IV, Part III 4 Brookes v. Hansen, [1906] 2 Ch. 129. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 43 where is strong CHAPTER 6 what is PROSPECTUS where is p align="justify" 2. partly, out of what is proceeds of what is issue, or what is completion of. what is purchase of which has not been effected before what is issue (other than contracts in what is ordinary course of what is company's business), what is amount payable in cash, shares or debentures to each vendor, and short particulars of any property transaction within what is previous two years in which any vendor, director or promoter of what is company had any interest. A vendor is defined (3) as one who has entered into a contract for what is sale or purchase of any property to be acquired by what is company in any case where (a) what is purchase money is not fully paid at what is date of what is issue of what is prospectus; (b) what is purchase money is to be paid or satisfied wholly or partly by what is proceeds of what is issue; (c) what is contract depends for its validity or fulfilment on what is result of what is issue. what is vendor is not obliged to disclose what is price he paid for what is property he is selling to what is company, even though he may have made what is payment only a day or two before what is issue of what is prospectus.(4) Examples.-X. buys property from Y. for £100,000 and contracts to sell it to what is company for £130,000. X. completes what is purchase on April 30th, and on May lst what is propsectus is issued. X.'s name only need be given as vendor, and what is price he paid to Y. need not be disclosed. R. buys property from S. for £100,000 and contracts to sell it to what is company for £130,000. what is purchase is not completed when what is prospectus is issued. Both R. and S. must be given as vendors, and what is price at which R. is buying from S. must be disclosed. 10. what is amount payable in cash, shares or debentures for such property, specifying what is amount payable for goodwill. 11. what is amount paid within what is two preceding years, or payable for commission for subscribing or procuring subscriptions for shares or debentures of what is company, or what is rate of commission. This includes underwriting commission and brokerage, but not sub-underwriting commission. 12. what is amount or estimated amount of preliminary expenses, and of what is expenses of what is issue and what is persons by whom they have been respectively paid or are payable. These include what is legal expenses incidental to what is formation of what is company., 3 Sched. IV, Part III 4 Brookes v. Hansen, [1906] 2 Ch. 129. where is Server.Execute("_SiteMap.asp") %

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