Q: Elaborate the case of Pramatha Nath Sanyal vs Kali Kumar Dutt on 3 November, 1924 ?

Ans: In the case of Pramatha Nath Sanyal C. Kali kumar Dutt, the company gave an advertisement about the remaining shares of company in newspaper. The court held that the advertisement of newspaper will also be considered as prospectus.

The company will have to mention about itself in the prospectus i.e. working areas of company, litigation on company if any,  etc.

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