Civil liability for mis-statements in prospectus now applies to overseas issuers offering securities to subscribers in India. Civil liability for mis-statements in prospectus extends to prospectuses offering shares or debentures of companies incorporated outside India, irrespective of establishment of a place of business in India, with statutory cross-references read as substituted so that the domestic prospectus liability framework governs such overseas issuers offering securities for subscription in India.
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.
Civil liability for mis-statements in prospectus now applies to overseas issuers offering securities to subscribers in India.
Civil liability for mis-statements in prospectus extends to prospectuses offering shares or debentures of companies incorporated outside India, irrespective of establishment of a place of business in India, with statutory cross-references read as substituted so that the domestic prospectus liability framework governs such overseas issuers offering securities for subscription in India.
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