https://www.taxtmi.com/caselaws?id=96895 A prospectus is assessed as a whole, and deliberate concealment of material facts can amount to dishonest concealment and cheating if it is designed to mislead investors. The text says that failure to disclose the non-assignability of key contractual rights, the absence of required consent, and arrears exposing the contract to cancellation supported an inference of fraudulent intent and conspiracy to cheat the public. It also states that company funds used for purposes other than the company's business, and instead to absorb losses from earlier failed ventures, negatived good faith and supported criminal breach of trust by the person in control of the funds. en-us Mon, 01 Feb 1943 00:00:00 +0630 Wed, 11 Jan 2012 18:39:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96895 A prospectus is assessed as a whole, and deliberate concealment of material facts can amount to dishonest concealment and cheating if it is designed to mislead investors. The text says that failure to disclose the non-assignability of key contractual rights, the absence of required consent, and arrears exposing the contract to cancellation supported an inference of fraudulent intent and conspiracy to cheat the public. It also states that company funds used for purposes other than the company's business, and instead to absorb losses from earlier failed ventures, negatived good faith and supported criminal breach of trust by the person in control of the funds. Case-Laws Companies Law Mon, 01 Feb 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=96895