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Registration of Prospectus:
S.43 (1) provides that no prospectus shall be issued by or on behalf of a company unless, on or before the date of its publication, there has been delivered to just registrar for registration a copy thereof signed by every person who is named therein as a director or proposed director of the company, or by his agent authorised in writing and having endorsed thereon or attached thereto-
a) an expert's consent to its issue (if the prospectus contains a statement by him), and
b) a copy or memorandum of every "material contract" and a written statement signed by the named accountants or auditors indicating any adjustments to their report and the reasons for the adjustments (if the prospectus was issued generally.)
Question : Public Relations units in organizations are generally considered as expense centres, as only the input and expenditures can be measured adequately. Therefore, to sec
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Liabilities In Respect Of Prospectuses: 1. CRIMINAL LIABILITIES i) Issuing a form of application unaccompanied by a full prospectus: a fine not
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