What is the criminal liability for mis statement in Prospectus What is the punishment Section 34 of Indian Companies Act 2013

 

Section 34 Issue of Application forms for Securities - Indian Companies Act 2013

 

As per Section 34 of Indian Companies Act 2013 every person who authorises a prospectus containing misstatement shall be liable under section 447 of the Act. Provision in the Companies Act 2013 related to Mis Statement in the Prospectus is as under.

 

Where a prospectus, issued, circulated or distributed under this Chapter, includes any statement which is untrue or misleading in form or context in which it is included or where any inclusion or omission of any matter is likely to mislead, every person who authorises the issue of such prospectus shall be liable under section 447:


Provided that nothing in this section shall apply to a person if he proves that such statement or omission was immaterial or that he had reasonable grounds to believe, and did up to the time of issue of the prospectus believe, that the statement was true or the inclusionor omission was necessary.

Section 21 to 40 of Indian Companies Act 2013

How to authenticate documents, proceedings and contracts of a Company Section 21 of Indian Companies Act 2013

How to execute bills of exchange etc Section 22 of Indian Companies Act 2013

What are the methods to issue securities by Companies Section 23 of Indian Companies Act 2013 - Public offer and Private Placement

What are the Powers of Securities and Exchange Board (S E B I) to regulate, issue and transfer of securities Section 24 of Indian Companies Act 2013

Document containing offer of securities for sale to be deemed prospectus Section 25 of Indian Companies Act 2013

What are the matters to be stated in Prospectus Section 26 of Indian Companies Act 2013. Contents of Prospectus. What is the provision for punishment against violation of law regarding issue of Prospectus

What is the effect of variation in terms of contract or objects in prospectus Section 27 of Indian Companies Act 2013

Can members of a company offer shares for sale Section 28 of Indian Companies Act 2013 - offer of sale of shares by certain members of the Company

Public offer of securities should be in dematerialized form. Section 29 of Indian Companies Act 2013

What are the methods to advertise Prospectus What are the conditions Section 30 of Indian Companies Act 2013

What is Shelf Prospectus Who can file prepare and file it What are the conditions Section 31 of Indian Companies Act 2013

What is Red Herring Prospectus Who can issue red herring prospectus What are the terms Section 32 of Indian Companies Act 2013

How to issue Application forms for Securities What is the procedure Section 33 of Indian Companies Act 2013

What is the criminal liability for mis statement in Prospectus What is the punishment Section 34 of Indian Companies Act 2013

What is the Civil liability for mis statement in the Prospectus Who is punishable Section 35 of Indian Companies Act 2013

What is the punishment for fraudulently inducing persons to invest money Section 36 of Indian Companies Act 2013

How can the affected persons act against company for mis leading statements Section 37 of Indian Companies Act 2013

What is the punishment for personation etc of securities Section 38 of Indian Companies Act 2013

How to allot securities by Company What the is process Section 39 of Indian Companies Act 2013

How to dealt with Securities Is it necessary to deal with Stock Exchanges Section 40 of Indian Companies Act 2013. What is the punishment for violation?

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