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Remedies available to a person who has taken shares on the basis of prospectus in which untrue…

Damages for deceit, statutory compensation and criminal proceedings are available avenues in connection with actionable prospectus misstatements. The Companies Act, 2013…

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Remedies available to a person who has taken shares on the basis of prospectus in which untrue statements are included :

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Damages for deceit, statutory compensation and criminal proceedings are available avenues in connection with actionable prospectus misstatements. The Companies Act, 2013 provides civil liability under Section 35 and criminal liability under Section 34; the applicable requirements must be satisfied for each action.

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