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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 44

Criminal liability for mis-statements in prospectus.

44.(1) Where a prospectus issued after the commencement of this Act includes
any untrue statement, any person who authorised the issue of the prospectus
shall be liable

(a)on conviction on indictment, to imprisonment for a term not exceeding two
years or a fine not exceeding five hundred pounds, or both; or

(b)on summary conviction, to imprisonment for a term not exceeding three
months or a fine not exceeding one hundred pounds, or both;

(2) A person shall not be deemed for the purposes of this section to have
authorised the issue of a prospectus by reason only of his having given the
consent required by section forty to the inclusion therein of a statement
purporting to be made by him as an expert.

© 1960 Crown Copyright

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