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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 371

1948 c.38.

371.(1) Where any document by which any shares in or debentures of a company
incorporated outside the United Kingdom are offered for sale to the public
would, if the company concerned had been a company within the meaning of
this Act, have been deemed by virtue of section forty-five to be a prospectus
issued by the company, that document shall be deemed to be, for the purpose of
this Part, a prospectus issued by the company.

(2) An offer of shares or debentures for subscription or sale to any person
whose ordinary business it is to buy or sell shares or debentures, whether as
principal or agent, shall not be deemed an offer to the public for the
purposes of this Part.

(3) In this Part "prospectus", "shares" and "debentures" have the same
meanings as when used in relation to a company incorporated under this Act.

Penalty for contravention of ss.365 to 368.

© 1960 Crown Copyright

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