According to Section 65(1), if the statement is misleading in the form and context in which it is included; and where the omission form a prospectus of any matter is calculated to mislead, to be a prospectus in which an untrue statement is included.
What is an untrue statement?
According to Section 65(1), if
the statement is misleading in the form and context in which it is included;
and where the omission form a prospectus of any matter is calculated to
mislead, to be a prospectus in which an untrue statement is included.
If there
is misrepresentation in the prospectus, a shareholder has a right
- Against the directors and others
who has authorized the issue of misleading prospectus.
Tags : Business Environment and Law-Prospectus And Statement In Lieu Of Prospectus
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