Investment Limited Partnerships Act, 1994
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Prospectus. |
14.—(1) Where the Bank, in exercise of the powers conferred upon it by section 7 (4) (b) requires the issuing by an investment limited partnership of a prospectus and an investment limited partnership fails to comply with that requirement or a prospectus so issued fails to comply with the contents so required of that prospectus, if any, the general partner shall be guilty of an offence. | |
(2) The Companies Acts, 1963 to 1990 shall not apply in relation to a prospectus published by an investment limited partnership. | ||
(3) The general partner shall be liable to any person suffering loss in reliance upon a prospectus which is in any material respect inaccurate or which omits material information required by the Bank under section 7 (4) (b). |