https://www.taxtmi.com/acts?id=17331 Criminal liability attaches to persons who authorize the issue of a prospectus that contains statements which are untrue or misleading or whose inclusion or omission is likely to mislead; a defence exists if the person proves the matter was immaterial or that they had and maintained reasonable grounds to believe the statement was true or the inclusion or omission was necessary. en-us Sat, 02 Mar 2013 11:05:23 +0530 Fri, 28 Nov 2025 12:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17331 Criminal liability attaches to persons who authorize the issue of a prospectus that contains statements which are untrue or misleading or whose inclusion or omission is likely to mislead; a defence exists if the person proves the matter was immaterial or that they had and maintained reasonable grounds to believe the statement was true or the inclusion or omission was necessary. Act-Rules Companies Law Sat, 02 Mar 2013 11:05:23 +0530 https://www.taxtmi.com/acts?id=17331