Question

All statements in the prospectus issued by a public limited company were true. The prospectus gave figures of dividend for last few years. But the fact that the company had incurred losses for all these years were not disclosed in the prospectus. Will any shareholder buying the shares of the company be allowed to avoid the contracts on this fact? If yes, state the grounds and cite the case.

Answer 1

Answer:

) Declaration of interim Dividend: According to Section 123 (3) of the Companies Act, 2013, the Board of Directors of a company may ...