Section 153
Power of Minister to exempt the application of Subdivision 9
ActIn forceProvision 153 of 768
Section 153
(2)
The Registrar may make recommendation to the Minister if the
Registrar is of the opinion that—
(a)
the cost of providing a prospectus outweighs the resulting protection to investors; or
(b)
it would not be prejudicial to the public interest if a prospectus were dispensed with.
Companies 173