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Prospectus — SPCC STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceSPCCProspectus2 Marks
Question
What is civil liability regarding prospectus ?
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Answer

When any person who has invested in a company relying upon the published prospectus of a company sustain economic loss, the liability to give him compensation for loss is called civil liability.

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