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Law · Q39

Indian Companies Act

Graduate and Post Graduate · Law · question 39

Q39

Which one of the following is incorrect? Any mis-statement made in the Prospectus would attract the liability of the following persons under the Companies Act:

A.
Every person who is a director of the company at the time of the issue of the prospectus
B.
Every person who has authorised himself to be named and is named in the prospectus either as director or as having agreed to become a director either immediately or after an interval of time
C.
Every person who is a promoter of the company
D.
An Expert, whose consent has not been endorsed to the registration and liable in respect of every content in the prospectus
Answer

Answer: Option D

Solution

Answer: Option D
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