Companies Act Section 37 — Action by affected persons

CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES

Commercial / Corporate

Summary

Anyone affected by a misleading statement, or by something included or left out of a prospectus, can file a suit or take other action under sections 34, 35, or 36 of the Act. This includes a single person, a group of people, or an association of people.

Official Text

A suit may be filed or any other action may be taken under section 34 or section 35 or section 36 by any person, group of persons or any association of persons affected by any misleading statement or the inclusion or omission of any matter in the prospectus.