law: Companies Act, 1956
  Sec 59    -      Penalty and
  
  interpretation. 
  (1) If any prospectus is issued in
  
  contravention of section 57 or 58, the company, and every person, who is
  
  knowingly a party to the issue thereof, shall be punishable with fine which may
  
  extend to fifty thousand rupees.
  (2) In sections 57 and 58, the expression
  
  " expert " includes an engineer, a valuer, an accountant and any other
  
  person whose profession gives authority to a statement made by him.