Prospectus for food and beverage according to company act

Section 136-140
1.Inclusion
* In food and beverage industry under this section the person by whom the offer is made, and not the company, shall be liable under sub section (2), to repay money received from applicants, and references to the company’s liability under that sub section shall be construed accordingly. 2.Modification * Under this section a prospectus inviting persons to subscribe for shares in or debentures of a company shall include a statement purporting to be made by an expert, if the expert is a person who is engaged or interested in the formation or promotion or promotion or management of the company. It will be more effective for food and beverage sector.

* In food and beverage industry if any prospectus is issued in contravention of sections 136 and 137, the company and every person, who is knowingly a party to the issue thereof, shall be punishable with fine which may extend to seven thousand taka.

* Prospectus of food and beverage industry shall state that application has been made for permission for the shares or debentures offered there by for being dealt in a stock exchange, if it is a recognised stock exchange.

3.Amendment * A prospectus inviting persons to subscribe for shares in or debentures of a company shall not include a statement purporting to be made by an expert, unless the expert is a person who is not, and has not been, engaged or interested in the formation or promotion or management of the company. It may be eliminated.

* If any prospectus is issued in contravention of sections 136 and 137, the company and every person, who is knowingly a party to the issue thereof, shall be punishable with fine which may extend to five thousand taka, it may be eliminated.

* No prospectus of food and beverage industry shall