Explain the following concept: Mis-statements in Prospectus
Explain the following concept:
Mis-statements in Prospectus
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- Mis-statements means:
- The statement is misleading in form or content.
- Where any inclusion of statement or omission is likely to mislead the reader.
- If the investor has purchased shares based on the misleading information in the prospectus he can take action against the company.
- The company and persons will be responsible for issuing mis-statement prospectus and have to face liability.
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