Quiz 1

Prospectus:
(1) No prospectus shall be issued by or on behalf of a company unless
on or before the date of its publication, a copy thereof signed by every
person who is named therein as a director or proposed director of the
company has been filed with the registrar.
(2) In case of any contravention of this section, the company and
every person who is a party to the issue, publication or circulation of
the prospectus shall be liable to a penalty not exceeding of level 2 on
the standard scale.
Prospectus Content:
 A brief summary of the company's background and financial
information.
 The name of the company issuing the stock.
 The number of shares.
 Type of securities being offered.
 Whether an offering is public or private.
 Names of the company's principals