TMI BlogCivil liability for mis-statements in prospectusX X X X Extracts X X X X X X X X Extracts X X X X ..... equence thereof, the company and every person who- (a) is a director of the company at the time of the issue of the prospectus; (b) has authorised himself to be named and is named in the prospectus as a director of the company, or has agreed to become such director, either immediately or after an interval of time; (c) is a promoter of the company; (d) has authorised the issue of the prospe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xpert 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 compete ..... X X X X Extracts X X X X X X X X Extracts X X X X
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