The total number of directors in a Public Limited Company is 20. The Board of directors of the said Company decided to issue a Prospectus to raise the funds for the Company, thereby inviting the public to invest in the Company by subscribing to the Company's shares. The directors registered the Prospectus with the Registrar of Companies (ROC). The directors have not disclosed the fact in the Prospectus that the Company is running into losses for past 2 years. Based on these facts answer the following questions in one word:

a) Can a Company have more than 15 directors?

b) Can a public company issue Prospectus?

c) Is there a mis-statement in the Prospectus?

d) Whether registration of the Prospectus with ROC is mandatory?

e) Can the Company be sued for mis-statement in the Prospectus?