Jyoti Ltd. made a public issue of its shares through prospectus. The prospectus contained certain mis-statements. Rupa bought 1,000 shares of the company in good faith through recognised stock exchange. Subsequently, the
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2014
Jyoti Ltd. made a public issue of its shares through prospectus. The prospectus contained certain mis-statements. Rupa bought 1,000 shares of the company in good faith through recognised stock exchange. Subsequently, the company was wound-up. Can Rupa sue the directors of Jyoti Ltd. for mis-statements in the prospectus ?
Topics: Securities Law and Prospectus
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