Section - 607 - Civil liability for mis-statements in prospectus
Civil liability for mis-statements in prospectus.607. shall extend to every prospectus offering for subscription shares in or debentures of a company incorporated or to be incorporated outside India, whether the company has or has not established, or when formed will or will not establish, a place of business in India, with the substitution for references in to of this Act, of references to thereof.
Civil liability for mis-statements in prospectus.62. (1) Subject to the provisions of this section, where a prospectus invites persons to subscribe for shares in or debentures of a company, the following persons shall be liable to pay compensation to every person who subscribes for any shares or debentures on the faith of the prospectus for any loss or damage he may have sustained by reason of any untrue statement included therein, that is to say,— (a) every person who is a director of the company at the time of the i .... To read the full section download the app from Google Play store
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