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of <h1>Amendment to Companies Act: New Clause in Section 35 Requires Fair Representation of Expert Statements in Prospectuses.</h1> In the Companies (Amendment) Act, 2017, section 35 of the principal Act is amended by adding a new clause to sub-section (2). This clause stipulates that any misleading statement made by an expert, or included in a report or valuation, must be a correct and fair representation. The individual responsible must have had reasonable grounds to believe the expert was competent and had consented to the statement's inclusion in the prospectus. This consent must not have been withdrawn before the prospectus's registration or allocation.
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