The Criminal liability for Mis Statement in the Prospectus shall include a punishment with imprisonm...........

Companies Act-Phase (I & II) Prospectus

The Criminal liability for Mis-Statement in the Prospectus shall include a punishment with imprisonment for a term ranging from:

3 months to 1 year

6 Months to 2 years

6 Months to 10 Years

3 Months to 10 Years

None of the above

छोटे Courses बड़े Results

Master Prospectus

Prepare through Micro-courses

Try Now

Explanation:

As per Section 34 read with Section 447 of Companies Act, 2013 , mis-statement in prospectus has the same liability as that of fraud under section 447 of Companies Act, 2013 and the person guilty of fraud shall be punishable with imprisonment for a term ranging from six months to 10 years in addition to fine.