In case of untrue or misstatement in a Prospectus which of the following remedies are available to t...........

Companies Act-Phase (I & II) Prospectus

In case of untrue or misstatement in a Prospectus, which of the following remedies are available to the aggrieved person:

Rescind the contract to purchase securities from company

Claim damages from the company

File a suit for damages against the promoters and experts responsible for misstatement or untrue statements

All of the above

None of the above

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Explanation:

As per Companies Act, 2013 if there are untrue statements or misstatements or omissions in a prospectus which have induced any shareholder or debenture holder to buy shares or debentures, the aggrieved person can rescind the contract, claim damages from company, and also sue the promoters , experts etc. for damages.