Site navigation

A prospectus issued in contravention of Section 26 of the Companies Act, 2013 makes the company liable…

Under s.26(9), a prospectus issued in contravention of s.26 makes the company liable to a fine, not to imprisonment alone, automatic winding up, or mere removal of directors.

Choose your answer

A prospectus issued in contravention of Section 26 of the Companies Act, 2013 makes the company liable to:

Select one answer
Answer and explanation

Correct answer B

Under s.26(9), a prospectus issued in contravention of s.26 makes the company liable to a fine, not to imprisonment alone, automatic winding up, or mere removal of directors.

Practice for these exams

Related exam syllabi

Related questions in this topic