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Section 65 – The Companies Act,1956

The Companies Act, 1956

65. Interpretation of provisions relating to prospectuses.

(1) For the purposes of the foregoing provisions of this Part

(a)a statement included in a prospectus shall be deemed to be untrue, if the statement is misleading in the form and context in which it is included; and

(b)where the omission from a prospectus of any matter is calculated to mislead the prospectus shall be deemed, in respect of such omission, to be a prospectus in which an untrue statement is included.

(2) For the purposes of sections 61, 62 and 63 and clause (a) of sub-section (1) of this section, the expression “included” when used with reference to a prospectus, means included in the prospectus itself or contained in any report or memorandum appearing on the face thereof or by reference incorporated therein or issued therewith.

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The Companies Act, 1956

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