student
32 Points
Joined April 2014
For the purposes of this Act, it shall, unless the contrary is proved, be evidence
that an allotment of, or an agreement to allot, securities was made with a view to the securities
being offered for sale to the public if it is shown—
( a) that an offer of the securities or of any of them for sale to the public was made
within six months after the allotment or agreement to allot; or
( b ) that at the date when the offer was made, the whole consideration to be
received by the company in respect of the securities had not been received by it.