A prospectus is a document that contains information that the public can use to subscribe to or purchase a company’s securities. If it contains any inaccuracies, it will have major ramifications. … Meer weergeven The Companies Act of 2013,Section 2(70), defines “prospectus” as “any document characterised or distributed as a prospectus, … Meer weergeven When creating a prospectus, extreme caution and discretion are required. Before it is released to the general public, the prospectus must be verified for any misstatements … Meer weergeven WebMisstatement in a prospectus occurs when a untrue or misleading statement is included and issued in the prospectus. Any deletion and inclusion of any matter which misleads …
Misstatement in Prospectus PDF PDF Prospectus (Finance
Web22 jul. 2024 · A misstatement in the prospectus can invoke criminal (sec. 34) and civil liabilities (sec. 35). Misstatements can lead to punishment for fraud under Sec. 447. … Web20 okt. 2024 · Misstatement is also called misrepresentation and the provisions that regulate the accuracy and truthfulness (candor) of what statements made by issues in a … scary phoenix
Prospectus and Misstatement in a Prospectus - LawBhoomi
Web19 dec. 2024 · Misstatement in prospectus can invoke criminal liabilities as per section 34 of the Companies Act 2013 and civil liabilities as per section 35 of the Companies Act … Web2.4.1 Any person who could be held liable for prospectus, if he does not mention the salient features in the prospectus which are prescribed, 20 then he shall be punishable with … Web22 dec. 2015 · Oluwadayisi A.O., (2015) ‘An Analysis o f Liabilities for Misstatement in Prospectus in Public Offer of Securities in Nigeria ’, Vol. (6 )(4), The Gravitas Review of … scary philippine stories