TMI BlogCivil liability for mis-statements in prospectusX X X X Extracts X X X X X X X X Extracts X X X X ..... or damage as a consequence thereof, the company and every person who- ( a ) is a director of the company at the time of the issue of the prospectus; ( b ) has authorised himself to be named and is named in the prospectus as a director of the company, or has agreed to become such director, either immediately or after an interval of time; ( c ) i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... asonable public notice that it was issued without his knowledge or consent. 1 [(c) that, as regards every misleading statement purported to be made by an expert or contained in what purports to be a copy of or an extract from a report or valuation of an expert, it was a correct and fair representation of the statement, or a correct copy of, or a correct and fair extract from, the report or v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny limitation of liability, for all or any of the losses or damages that may have been incurred by any person who subscribed to the securities on the basis of such prospectus. ******************** Notes:- 1. Inserted vide The Companies (Amendment) Act, 2017 Dated 03-01-2018 w.e.f. 09 February, 2018 2. Substituted vide COMPANIES (AMENDMENT) ACT, 2019 w.e.f. 15 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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