Question: *PLEASE ANSWER BRIEFLY FOR 40 MARKS. THANK YOU. 2. A public company issues new shares must prepare a prospectus which must be registered with the

*PLEASE ANSWER BRIEFLY FOR 40 MARKS. THANK YOU.

2. A public company issues new shares must prepare a prospectus which must be registered with the Securities Commission Malaysia. The board of directors, headed by Godin, approved the prospectus to be issued on a rights issue for 10 million shares. It is later found that the prospectus contains information that is misleading and there is a material omission of information. Who shall be liable for the misleading information and omission? Justify your answer. (40 marks)

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