Expert consent requirement: prospectuses for foreign-company securities in India must include and retain expert written consent. Issuing or circulating in India a prospectus offering shares or debentures of a company incorporated outside India is prohibited unless any statement purporting to be made by an expert is accompanied by the expert's written consent and the prospectus states that such consent has not been withdrawn; the prospectus must also render applicants bound by the applicable allotment and related provisions, and 'expert' includes professionals whose vocation lends authority to the statement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Expert consent requirement: prospectuses for foreign-company securities in India must include and retain expert written consent.
Issuing or circulating in India a prospectus offering shares or debentures of a company incorporated outside India is prohibited unless any statement purporting to be made by an expert is accompanied by the expert's written consent and the prospectus states that such consent has not been withdrawn; the prospectus must also render applicants bound by the applicable allotment and related provisions, and "expert" includes professionals whose vocation lends authority to the statement.
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