Western Australian Consolidated Acts

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COMPANIES (CO-OPERATIVE) ACT 1943 - SECT 48

48 .         Power to issue abridged advertisement

                Notwithstanding anything in the 2 last preceding sections, where a prospectus complying with those sections has been issued it shall not be necessary in an advertisement of that prospectus in a public newspaper to insert the particulars or matters required by those sections, except those with respect to the date, the fact that a copy has been duly filed, the names, descriptions, and addresses of the directors or proposed directors, and the number of shares subscribed for by them respectively, and with respect to the minimum subscription on which the directors may proceed to allotment: Provided that the advertisement —

                  (i)         states that the advertisement is an abridgment of a full prospectus and states where copies of the full prospectus and forms of application for shares may be obtained; and

                  (ii)         states that applications for shares will be received only on one of the forms of application referred to, and (as the case may be) either indorsed upon or annexed to but detachable from a full prospectus; and

                  (iii)         does not contain anything to which the said requirements apply, and which is not in the prospectus, or is inconsistent with the prospectus.

        [Section 48 amended by No. 47 of 1949 s. 6.]



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