Prospectus — SPCC STD 11 Commerce — Question

The investors purchase the shares of the company on the basis of the details given in the prospectus. If the details in the prospectus are not clear and ambiguous or misleading, the investors have to suffer loss. In order to avoid this the prospectus should not lack in clarity. It should be so transparent that one can see the picture of the company through it. If the prospectus is not transparent the directors are personally responsible for it.