10-mark question · Part C · Law of Investments and Securities

Ramu subscribed for shares issued by 'X' Ltd. The prospectus of 'X' Ltd. included a statement which was misleading in the forms and contents. On the basis of the prospectus, believing it to be true, Ramu subscribed for shares and sustained a loss. Can Ramu sue for compensation of loss? If so, who will be sued for such loss?

Appeared in

• Law of Investments and Securities · May/June 2017 Mapped paper Download

Mapped topics

• Prospectus, deemed prospectus and shelf prospectus — Unit III

Mapped case laws