https://www.taxtmi.com/caselaws?id=96877 The court allowed the appeal, ruling in favor of the plaintiff's right to revoke the application for shares due to material changes in the prospectus before allotment. The plaintiff's decision to withdraw the offer based on alterations in the prospectus, including changes in the directorate and a substantial reduction in the minimum subscription amount, was deemed justified. The court emphasized the importance of assessing the impact of material changes in the prospectus on the investment decision, ultimately granting the plaintiff a refund of the application money, costs, and subsequent interest. en-us Fri, 26 Jun 1942 00:00:00 +0530 Wed, 11 Jan 2012 17:48:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96877 The court allowed the appeal, ruling in favor of the plaintiff's right to revoke the application for shares due to material changes in the prospectus before allotment. The plaintiff's decision to withdraw the offer based on alterations in the prospectus, including changes in the directorate and a substantial reduction in the minimum subscription amount, was deemed justified. The court emphasized the importance of assessing the impact of material changes in the prospectus on the investment decision, ultimately granting the plaintiff a refund of the application money, costs, and subsequent interest. Case-Laws Companies Law Fri, 26 Jun 1942 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96877