As per Section 37 of Indian Companies Act 2013 a suit may be filed or any other action may be taken by affected persons due to the mis statement in the Prospectus. Provision in the Companies Act 2013 related to action by affected persons is as under.
A suit may be filed or any other action may be taken under section 34 or section 35 or section 36 by any person, group of persons or any association of persons affected byany misleading statement or the inclusion or omission of any matter in the prospectus.
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