https://www.taxtmi.com/acts?id=15463 Members may, in consultation with the board, offer part of their shareholding to the public following prescribed procedure; the document effecting the offer is deemed a prospectus for all legal purposes and attracts statutory content and liability rules for misstatements and omissions. Selling members must collectively authorise the company to act on their behalf for the offer and reimburse the company for expenses incurred. en-us Mon, 19 Dec 2011 16:40:05 +0530 Mon, 19 Dec 2011 16:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15463 Members may, in consultation with the board, offer part of their shareholding to the public following prescribed procedure; the document effecting the offer is deemed a prospectus for all legal purposes and attracts statutory content and liability rules for misstatements and omissions. Selling members must collectively authorise the company to act on their behalf for the offer and reimburse the company for expenses incurred. Act-Rules Bills Mon, 19 Dec 2011 16:40:05 +0530 https://www.taxtmi.com/acts?id=15463