(a) Outline the provisions of the Companies Act, relating to civil and criminal liability in respect of non compliance with provisions relating to a prospectus on the Company and the directors.
(b) Makanga, Kamore and Gatweku are directors of Wakwetu Co. Ltd. The company is in dire need of capital to fund its expansion.
Advise them on the methods available for raising capital from the public.
(c) State the circumstances under which a Company can pay an underwriting commission.
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