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Page 54

CHAPTER 6
THE PROSPECTUS

An expert is only liable to pay compensation in respect of his own untrue statements (s. 43 (1)). It is a defence for him to prove (s. 43 (3)):
1. That having given his consent, he withdrew it in writing before delivery of a copy of the prospectus for registration ; or
2. That after delivery of the prospectus for registration and before allotment, he withdrew his consent and gave reasonable public notice of the withdrawal; or
3. That he was competent to make the statement and had reasonable ground to believe and did up to allotment believe that the statement was true.
Criminal Liability for Mis-statements in Prospectus (s. 44).-Directors and others who authorise the issue of a prospectus containing any untrue statement are liable to a fine of £500 and imprisonment for two years unless they prove that they had reasonable ground to believe and did believe up to the time of issue, that the statement was true, or that the statement was immaterial. It is not necessary to prove an intent to defraud. An expert is not criminally liable.

LIABILITY OF DIRECTORS FOR OMISSIONS IN PROSPECTUS
If the prospectus does not set out all the matters required by statute to be set out, the directors are liable in damages to persons who have suffered damage by reason of their omission. 2 5 They may also be liable to pay compensation under s. 43, if the omission makes what is set out misleading in its form and context (s. 46).

STATEMENT IN LIEU OF PROSPECTUS
A company, other than a private company, which has a shard capital but does not issue a prospectus on its formation, cannot allot any shares without first filing with the Registrar of Companies a statement in lieu of prospectus (s. 48). This statement is in the form set out in the Fifth Schedule, and contains practically the same information as is required to be disclosed in a prospectus. The statement must be signed by each director, and a fine of £100 is imposed on the company and on every director who knowingly contravenes the section.

25 In re South of England Natural Gas and Petroleum Co., [1911] 1 Ch. 573.

travel books:
where is HTML where is HEAD where is TITLE An expert is only liable to pay compensation in respect of his own untrue statements (s. 43 (1)). It is a defence for him to prove (s. 43 (3)): 1. That having given his consent, he withdrew it in writing before delivery of a copy of what is prospectus for registration ; or 2. That after delivery of what is prospectus for registration and before allotment, he withdrew his consent and gave reasonable public notice of what is withdrawal; or 3. That he was competent to make what is statement and had reasonable ground to believe and did up to allotment believe that what is statement was true. Criminal Liability for Mis-statements in Prospectus (s. 44).-Directors and others who authorise what is issue of a prospectus containing any untrue statement are liable to a fine of £500 and imprisonment for two years unless they prove that they had reasonable ground to believe and did believe up to what is time of issue, that what is statement was true, or that what is statement was immaterial. It is not necessary to prove an intent to defraud. An expert is not criminally liable. LIABILITY OF DIRECTORS FOR OMISSIONS IN PROSPECTUS If what is prospectus does not set out all what is matters required by statute to be set out, what is directors are liable in damages to persons who have suffered damage by reason of their omission. 2 5 They may also be liable to pay compensation under s. 43, if what is omission makes what is set out misleading in its form and context (s. 46). STATEMENT IN LIEU OF PROSPECTUS A company, other than a private company, which has a shard capital but does not issue a prospectus on its formation, cannot allot any shares without first filing with what is Registrar of Companies a statement in lieu of prospectus (s. 48). This statement is in what is form set out in what is Fifth Schedule, and contains practically what is same information as is required to be disclosed in a prospectus. what is statement must be signed by each director, and a fine of £100 is imposed on what is company and on every director who knowingly contravenes what is section. 25 In re South of England Natural Gas and Petroleum Co., [1911] 1 Ch. 573. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 54 where is strong CHAPTER 6 what is PROSPECTUS where is p align="justify" An expert is only liable to pay compensation in respect of his own untrue statements (s. 43 (1)). It is a defence for him to prove (s. 43 (3)): 1. That having given his consent, he withdrew it in writing before delivery of a copy of what is prospectus for registration ; or 2. That after delivery of what is prospectus for registration and before allotment, he withdrew his consent and gave reasonable public notice of what is withdrawal; or 3. That he was competent to make what is statement and had reasonable ground to believe and did up to allotment believe that what is statement was true. Criminal Liability for Mis-statements in Prospectus (s. 44).-Directors and others who authorise what is issue of a prospectus containing any untrue statement are liable to a fine of £500 and imprisonment for two years unless they prove that they had reasonable ground to believe and did believe up to what is time of issue, that what is statement was true, or that what is statement was immaterial. It is not necessary to prove an intent to defraud. An expert is not criminally liable. LIABILITY OF DIRECTORS FOR OMISSIONS IN PROSPECTUS If what is prospectus does not set out all what is matters required by statute to be set out, what is directors are liable in damages to persons who have suffered damage by reason of their omission. 2 5 They may also be liable to pay compensation under s. 43, if what is omission makes what is set out misleading in its form and context (s. 46). STATEMENT IN LIEU OF PROSPECTUS A company, other than a private company, which has a shard capital but does not issue a prospectus on its formation, cannot allot any shares without first filing with what is Registrar of Companies a statement in lieu of prospectus (s. 48). This statement is in what is form set out in what is Fifth Schedule, and contains practically what is same information as is required to be disclosed in a prospectus. what is statement must be signed by each director, and a fine of £100 is imposed on what is company and on every director who knowingly contravenes what is section. 25 where is em In re South of England Natural Gas and Petroleum Co., [1911] 1 Ch. 573. where is /em where is Server.Execute("_SiteMap.asp") %

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