Cap. 168 Art. 85Prospectus including a statement by experts.

(1) A prospectus including a statement purporting to be made by an expert shall not be issued unless -

(a) the expert has given and has not, before delivery of a copy of the prospectus for registration, withdrawn his written consent to the issue thereof; and

(b) a statement that he has given and has not withdrawn his consent as aforesaid appears in the prospectus.

(2) If any prospectus is issued in contravention of the provisions of this article, every person who is knowingly a party to the issue thereof shall be liable to a penalty not exceeding one thousand and one hundred and sixty-four euro and sixty-nine cents (1,164.69).

(3) In this article the expression "expert" includes engineer, date of its publication, there has been delivered to the Registrar for registration a copy thereof signed by every person who is named therein as a director of the company, or by his agent authorised in writing, and having endorsed thereon or attached thereto -

(a) any consent to the issue of the prospectus required by the last preceding article from any person as an expert; and

(b) a copy of any contract required by paragraph 14 of the Second Schedule hereto to be stated in a prospectus or, in the case of a contract not reduced in writing, a memorandum giving full particulars thereof.

(2) If a prospectus is issued in contravention of this article, every person who is knowingly a party to the issue of the prospectus shall be liable to a penalty not exceeding eleven euro and sixty-five cents (11.65) for every day from the date of the issue of the prospectus until a copy thereof is delivered as aforesaid with the required documents endorsed thereon or attached thereto.