Reports to be set out in the Prospectus. [Omitted]

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..... reports shall be set out with the prospectus, namely:- (1) The reports by the auditors with respect to profits and losses and assets and liabilities. Explanation.- For the purposes of this sub-rule, the report shall also include the amounts or rates of dividends, if any, paid by the issuer company in respect of each class of shares for each of the five financial years immediately preceding the y .....

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..... n examined and found correct and the said statement may indicate the nature of provision or adjustments made or which are yet to be made. (2) The reports relating to profits and losses for each of the five financial years or where five financial years have not expired, for each of the financial year immediately preceding the issue of the prospectus shall- (a) if the company has no subsidiaries, .....

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