Section 34 of CA 2013 : Section 34: Criminal Liability For Mis-Statements In Prospectus
CA 2013
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Explanation using Example
Imagine that XYZ Pvt. Ltd. is planning to go public and has prepared a prospectus to attract investors. The prospectus claims that the company has a patent on a revolutionary technology that will dominate the market. However, in reality, the patent application has been rejected, and this fact is not disclosed in the prospectus. An investor, after reading the prospectus, decides to invest a...
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