Section 388 of CA 2013 : Section 388: Provisions As To Expert?S Consent And Allotment
CA 2013
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Explanation using Example
Imagine a foreign technology company, "TechGlobal Corp.", planning to expand its investor base by issuing shares to the public in India. Before doing so, they prepare a prospectus—a formal document that outlines the details of the investment opportunity. The prospectus includes positive statements from a financial expert about the company's prospects.
However, just before the prospectus is to be circulated in India, the expert withdraws his consent to use his statement. Despite this, TechGlobal Corp. proceeds to distribute the prospectus without...
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