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, ... Summary
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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