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Prospectus and Allotment - Coggle Diagram

- - - - The 1stremedy against the company is to rescind the contract
      - The 2nd remedy against the company is to sue the company for damages for deceit.
    - - Where a mis-statement or untrue statement occurs in a prospectus, there may arise civil as
        well criminal liability for the directors, promoters, expert, etc.