Any misrepresentation in prospectus is treated as fraud Even as - TopicsExpress



          

Any misrepresentation in prospectus is treated as fraud Even as the action moves to the Securities Appellate Tribunal in the case involving the capital market regulator putting a ban on DLF Ltd and several of its directors, it may be worth taking a look at what charges of misrepresentation in initial public offer prospectus means under the Companies Act 2013. Several company law experts and law firms that Business Standard spoke to did not want to be quoted citing conflict in business interest. To start with, there is no specific definition of misrepresentation in prospectus under the Companies Act, 2013. The way it is described is any statement which is untrue or misleading in form or context in which it is included or where any inclusion or omission of any matter is likely to mislead, said a corporate lawyer, quoting the Act.
Posted on: Tue, 21 Oct 2014 05:49:12 +0000

Trending Topics



Recently Viewed Topics




© 2015