Singapore legislation
Clause 45
Clause 45
Expert’s consent to issue of prospectus containing statement by him
(1)
A prospectus inviting subscription for or purchase of shares in or debentures of a corporation and including a statement purporting to be made by an expert or to be based on a statement made by an expert shall not be issued unless —
he has given, and has not before delivery of a copy of the prospectus for registration withdrawn, his written consent to the issue thereof with the statement included in the form and context in which it is included; and
there appears in the prospectus a statement that he has given and has not withdrawn his consent.[U.K.s. 40.][Aust. s. 45.]
(2)
If any prospectus is issued in contravention of this section the corporation and every person who is knowingly a party to the issue thereof shall be guilty of an offence under this Act and shall be liable on conviction to imprisonment for a term not exceeding one year or to a fine not exceeding two thousand five hundred dollars.