Question 32: bm
Msrit no so to autangia
Sunanda subscribed to the shares issued by Jolly Ltd. The prospectus of Jolly Ltd. included
a statement which was misleading in the forms and contents. Believing the prospectus to be
true, Sunanda had subscribed for shares and sustained a loss.
In context of the above case:
(a) Define the term 'prospectus'.
(b) Can Sunanda sue for compensation of loss? Justify your answer.
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