what is prospectus discuss the consequences miss fement and fraddulent statement in a prospectus
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According to section 2(70) of the Companies Act, 2013 a prospectus is any law-related document outlining the financial securities for the sale to the investors of the corporate which also includes any circular, notice, ads or document which acts as an invite to offers from the general public. And these invitations to offers must be for the purchase of any securities of a company. It is a legal document for the public and investors to buy and have the details of the features, prospects and the declaration of a financial product.
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