(5)For the purposes of this section—(a)the expression " promoter " means a promoter who was a party to the preparation of the prospectus, or the portion thereof containing the misleading or untrue statement, but does not include any person by reason of his acting in a professional capacity for persons engaged in procuring the formation of the company;(b)the expression "expert" includes engineer, valuer, accountant and any other person whose profession gives authority to a statement made by him.Allotment.
