Question 4 [10 Marks] ABC Ltd is interested in increasing its share capital so that it...

 

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Question 4 [10 Marks] ABC Ltd is interested in increasing its share capital so that it can pursue new business activities. The company board has decided to raise $10 million in shares from the public. Advise the directors of the company on: (1) whether the company is excluded from the disclosure requirements under the Corporations Act 2001 (Cth); and (2) options for raising $10 million in share capital if the board did not want to issue a prospectus. Question 4 [10 Marks] ABC Ltd is interested in increasing its share capital so that it can pursue new business activities. The company board has decided to raise $10 million in shares from the public. Advise the directors of the company on: (1) whether the company is excluded from the disclosure requirements under the Corporations Act 2001 (Cth); and (2) options for raising $10 million in share capital if the board did not want to issue a prospectus.

Answer rating: 100% (QA)

1 Exclusion from Disclosure Requirements under the Corporations Act 2001 To determine if ABC Ltd is excluded from the disclosure requirements under th... View the full answer