407. It shall not be lawful for any person to issue, circulate or distribute in Sri Lanka any prospectus offering for subscription shares in or debentures of a company incorporated or to be incorporated outside Sri Lanka whether the company has or has not established, or when formed will or will not establish, a place of business in Sri Lanka, unless before the issue, circulation or distribution of the prospectus in Sri Lanka, a copy thereof certified by the chairman of the company as having been approved by resolution of the managing body has been so delivered and there is endorsed on or attached to the copy
| (a) any consent to the issue of the prospectus required by the provisions of section 406 ; and |
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| (b) where the persons making any report in accordance with Part II of the Third Schedule hereto have made therein or have without giving reasons, indicated therein any such adjustments as are mentioned in paragraph 30 of that Schedule, a written statement signed by those persons setting out the adjustments and giving the reasons therefor. |
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Sri Lanka Consolidated Acts