This article has been written by Mr. Aman Mishra, a 5th year student studying BALLB, from at IMS Unison University, Dehradun Introduction: – A prospectus is an important part of an investment business. Typically, people look at a company’s prospectus to determine if they should inject capital into the institution. The veracity of the references in this prospectus is of paramount importance. The reason groups make prospectuses difficult is that they want people to come back and get bonds from companies or cash credits from employers. The content quoted in the prospectus must be appropriate. If erroneous data appear in the prospectus, any act by the public based on the facts contained the prospectus will engage the civil or criminal liability of the company. In this article, there is criminal liability for false statements in the prospectus. Misstatements in the prospectus In this prospectus is depended on with the aid of the individuals of the public to subscribe or buy the securities of a company with…
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