PART IIShare Capital and Debentures.
Prospectus.
40Expert's consent to issue of prospectus containing statement by him.
1
A prospectus inviting persons to subscribe for shares in or debentures of 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he has given and has not, before delivery of a copy of the prospectus for registration, withdrawn his written consent to the issue thereof with the statement included in the form and context in which it is included; and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a statement that he has given and has not withdrawn his consent as aforesaid appears in the prospectus.
2
If any prospectus is issued in contravention of this section the company and every person who is knowingly a party to the issue thereof shall be liable to a fine not exceeding five hundred pounds.
3
In this section the expression “expert ” includes engineer, valuer, accountant and any other person whose profession gives authority to a statement made by him.