Companies Act, 1956

Section - 57 - Expert to be unconnected with formation or management of company

Expert to be unconnected with formation or management of company.

57.     A prospectus inviting persons to subscribe for shares in or debentures of a company shall not include a statement purporting to be made by  an expert, unless the expert is a person who is not, and has not been, engaged  or interested in the formation or promotion, or in the management, of the company.

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