Prospectus conditions: require salient features memorandum, expert written consent, and limited issuer liability for immaterial or unknown omissions. Rule 8 requires that application forms for securities be accompanied by a memorandum of salient features of the prospectus, except when issued in connection with an invitation to enter into an underwriting agreement for IDRs; prospectuses containing expert statements must state that the expert gave written consent and did not withdraw it before filing with SEBI and the Registrar of Companies, New Delhi; issuers are not liable for non compliance if they prove lack of knowledge or if the Central Government considers the contravention immaterial.
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.
Prospectus conditions: require salient features memorandum, expert written consent, and limited issuer liability for immaterial or unknown omissions.
Rule 8 requires that application forms for securities be accompanied by a memorandum of salient features of the prospectus, except when issued in connection with an invitation to enter into an underwriting agreement for IDRs; prospectuses containing expert statements must state that the expert gave written consent and did not withdraw it before filing with SEBI and the Registrar of Companies, New Delhi; issuers are not liable for non compliance if they prove lack of knowledge or if the Central Government considers the contravention immaterial.
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