law: Companies Act, 2013 
  388.
  
    Provisions
  
  as to expert’s consent and allotment.
  1.      No person shall
  
  issue, circulate or distribute in India any prospectus offering for
  
  subscription in securities of a company incorporated or to be incorporated
  
  outside India, whether the company has or has not been established, or when
  
  formed will or will not establish, a place of business in India,—
  a.     
  
    if,
  
  where the prospectus includes a statement purporting to be made by an expert,
  
  he has not given, or has before delivery of the prospectus for registration
  
  withdrawn, his written consent to the issue of the prospectus with the
  
  statement included in the form and context in which it is included, or there
  
  does not appear in the prospectus a statement that he has given and has not
  
  withdrawn his consent as aforesaid; or
  b.    
  
    if
  
  the prospectus does not have the effect, where an application is made in
  
  pursuance thereof, of rendering all persons concerned bound by all the
  
  provisions of sections 33 and 40, so far as applicable.
  2.      For the purposes of
  
  this section, a statement shall be deemed to be included in a prospectus, if it
  
  is contained in any report or memorandum appearing on the face thereof or by
  
  reference incorporated therein or issued therewith.