Clause 9 - Amendment of section 35. - Companies (Amendment) Bill, 2017

Amendment of section 35. 9. In section 35 of the principal Act, in sub-section ( 2 ), after clause ( b ), the following clause shall be inserted, namely:- ( c ) that, as regards every misleading statement purported to be made by an expert or contained in what purports to be a copy of or an extract from a report or valuation of an expert, it was a correct and fair representation of the statement, or a correct copy of, or a correct and fair extract from, the report or valuation ; and he had reasonable ground to believe and did up to the time of the issue of the prospectus believe, that the person making the statement was competent to make it and that the said person had given the consent required by sub-section ( 5 ) of section 26 to the issue of the prospectus and had not withdrawn that consent before delivery of a copy of the prospectus for registration or, to the defendant's knowledge, before allotment thereunder. .