Penalty and interpretation

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..... retation. [1] 59. (1) If any prospectus is issued in contra vention of section 57 or 58, [2] the company, and every person, who is knowingly a party to the issue thereof, shall be punis .....

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..... cution powers delegated to SEBI officials vide Notification No. 727(E), dated 18-9-2000. [3] Substituted for "five thousand rupees" by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. - - .....

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