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What is an untrue statement? - Prospectus And Statement In Lieu Of Prospectus

   Posted On :  08.05.2018 08:28 am

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 company
 
  •              Against the directors and others who has authorized the issue of misleading prospectus.

 

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