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Persons such as directors, promoters and experts who authorised the issue can be held liable for an untrue statement in the prospectus under the provisions on:
Ashare buy-back
Bminimum subscription
Cmisstatement in prospectus
Dbonus issue
Answer & Solution
Correct answer: C. misstatement in prospectus
Directors, promoters and experts can face misstatement liability.
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