Section 503, The Companies Act, 2009

(1) A prospectus inviting persons to subscribe forsecurities in a company and including a statement purporting to be made by an expert shall not be issued unless- (a) he has given and has not, before delivery of a copy of the prospectus for registration, withdrawn his written consent to the issue of it with the statement included in the form and context in which it is included; and (b) a statement that he has given and has not withdrawn his consent appears in the (2) If any prospectus is issued in contravention of this section the company and every person who is knowingly a party to its issue shall be guilty of an offence and be liable to a fine not exceeding Le5,000,000. (3) In this section “expert” includes every engineer, legal practitioner, accountant and any other person whose profession gives authority to a statement made by him.