COMPANIES ACT - 1963 (ACT 179)

    Section - 277 - Certificates of Exemption

    Seventh Sch.

    (1) Where it is proposed to make a general invitation to the public to acquire any shares or debentures of a public company and application is made to an approved stock exchange for permission for those shares or debentures to be dealt in on that stock exchange there may, on the request of the applicant, be given by or on behalf of that stock exchange a certificate of exemption, that is to say, a certificate that, having regard to the proposals, as stated in the request, as to the size and other circumstances of the invitation, compliance with the requirements of the Seventh Schedule would be unduly burdensome.

    Seventh Sch.

    (2) If a certificate of exemption is granted and if the proposals aforesaid are adhered to, a prospectus containing the particulars and information required by the said stock exchange if duly published in the manner required by such stock exchange shall be deemed to be a prospectus complying with the Seventh Schedule to this Code.