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Expert consent requirement: prospectuses for foreign companies in India must include written expert consent or face distribution prohibition. Prospectuses for securities of companies incorporated outside India circulated in India must include a written expert consent for any expert statement, not withdrawn before registration, and must state that consent was given; additionally, the prospectus must, as applicable, render all persons bound by the statutory provisions governing prospectuses and allotment. A statement is included if on the face of the prospectus, incorporated by reference, or issued with it as a report or memorandum.
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.
<h1>Expert consent requirement: prospectuses for foreign companies in India must include written expert consent or face distribution prohibition.</h1> Prospectuses for securities of companies incorporated outside India circulated in India must include a written expert consent for any expert statement, not withdrawn before registration, and must state that consent was given; additionally, the prospectus must, as applicable, render all persons bound by the statutory provisions governing prospectuses and allotment. A statement is included if on the face of the prospectus, incorporated by reference, or issued with it as a report or memorandum.
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