48. For the purposes of the preceding provisions of this Part-
| (a) a statement included in a prospectus shall be deemed to be untrue if it is misleading in the form and context in which it is included ; and |
|
| (b) a statement shall be deemed to be included in a prospectus if it is contained in, or in any report or memorandum appearing on the face of, or by reference incorporated in, or issued with, such prospectus. |
|
|
Sri Lanka Consolidated Acts