A prospectus was approved and issued to offer to the public. It carries misleading information on...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A prospectus was approved and issued to offer to the public. It carries misleading information on a rights issue of 50 million shares of a public listed company. Explain the issues and discuss who is liable for the misleading information. Justify your answer with reference to the provisions of the Companies Act 2016 and Capital Market Services Act 2007. 1. (40 marks) The Securities Commission (SC) has directed a company, to provide the SC immediately, the information concerning any person who has an interest in any of the voting shares in the company. Advise the board of directors of the company on the provision of the Companies Act 2016 which gives power to the company to require disclosure of beneficial interest in its voting shares. (40 marks) Hana Berhad (Hana) provides security to Bank Baba (Baba) in return for Baba's lending of loan to Mama Sdn. Bhd. (Mama). Both companies, Hana and Mama, have Martini and Martin the directors. Discuss the situation in relation to corporate governance and justify your answer. 2. 3. A prospectus was approved and issued to offer to the public. It carries misleading information on a rights issue of 50 million shares of a public listed company. Explain the issues and discuss who is liable for the misleading information. Justify your answer with reference to the provisions of the Companies Act 2016 and Capital Market Services Act 2007. 1. (40 marks) The Securities Commission (SC) has directed a company, to provide the SC immediately, the information concerning any person who has an interest in any of the voting shares in the company. Advise the board of directors of the company on the provision of the Companies Act 2016 which gives power to the company to require disclosure of beneficial interest in its voting shares. (40 marks) Hana Berhad (Hana) provides security to Bank Baba (Baba) in return for Baba's lending of loan to Mama Sdn. Bhd. (Mama). Both companies, Hana and Mama, have Martini and Martin the directors. Discuss the situation in relation to corporate governance and justify your answer. 2. 3.
Expert Answer:
Answer rating: 100% (QA)
1 Suppose a prospectus was approved and issued to offer the public it carries a misleading informati... View the full answer
Posted Date:
Students also viewed these accounting questions
-
A dairy company processed raw milk for $62,000. This raw milk can be converted into the following types of milk with listed sales values. Joint Products Sales Value Whole milk $ 27,000 2% milk 43,200...
-
Explain the difference between the FIFO and LIFO inventory costing methods. In a period of rising prices, which method would result in a higher net income and why? Why might a company choose the...
-
Question 3: A company produces two joint products, Liquid 1 and Liquid 2, from a common process. For every 1,000 litres of input to the common process, output consists of 450 litres of Liquid 1 and...
-
You name the catastrophe, and JIT has been through it and survived. Toyota Motor Corporation has had its world-renowned JIT system tested by fire. The massive fire incinerated the main source of...
-
Q1. On the balance sheet, double counting a portion of ending inventory will result in (understating / having no affect on / ________) ending inventory and (understating / having no affect on /...
-
What two common benchmarks can be used to evaluate actual performance? Which of the two is generally more useful?
-
Fashion Fabrics makes custom handbags and accessories for high-end clothing boutiques. Record summary journal entries for each of the following transactions that took place during the month of...
-
Cosby Company purchased a new plant asset on April 1, 2012, at a cost of $774,000. It was estimated to have a service life of 20 years and a salvage value of $60,000. Cosbys accounting period is the...
-
7. The full symbol of an ion of an element is 39X+? Which one of the following is the number of electrons in the ion? A. 18 B. 19 C. 20 D. 39 8. The atomic numbers of elements W, X, Y and Z are 9,...
-
1. Can we tell Lizzie about the spoilage charges for the entire period? We know the pounds of loss, but can we extract the cost from this database? Why or why not? 2. If your answer to 1 is no, how...
-
John and his brother Benjamin want to start a construction company. They were working as a team on smaller jobs as a sole proprietorship, but they want to reduce their liability. They no longer want...
-
What is techno-stress and what are the five dimensions of techno-stress?
-
Differentiate among conflict, collaboration, and competition.
-
Compare and contrast perfect rationality and bounded rationality.
-
Explain how conflict may be functional. Cite an example to illustrate your answer.
-
What are the causes of unethical behaviour and what can organizations do to improve ethical decision making?
-
Netflix should look to expand into other countries to increase its revenue. Disney+ also is looking to do that. Any insights on why these platforms have not established themselves more...
-
Danielle has an insurance policy with a premium of $75 per month. In September she is in an accident and receives a bill worth $2990 for the repair of her own property. Her deductible is $250 and her...
-
Answer the following questions: 1. Name at least five industries that might be affected by weather. 2. Is it appropriate for the forensic accountant/fraud examiner to examine the effect of weather?...
-
Discuss why collusive frauds, especially when perpetrated among related parties, is particularly difficult to detect?
-
d that Fairmont is not in complianThe forensic audit has determinece with Federal withholding requirements for FICA and Medicare because FICA and Medicare were not withheld from employee paychecks...
Study smarter with the SolutionInn App