Legal Question in Securities Law in India
what defences are there for company & management on non-disclosure of
tax liability in prospectus durring IPO?
Asked on 8/07/09, 1:32 am
2 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
The question is incomplete. You may need to mention in detail the nature of pending liabilities as also the 'non-disclousre' clause in IPO. The defence may also depend upon the nature of action the Company / Management may be facing.
Answered on 8/07/09, 7:01 am
Seshadri Srinivasan
www.lawconcern.com
Is the IPO completed? Then factually you are out of the woods though legal consequences could follow by court orders.
Answered on 10/05/09, 5:20 am
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