Question

In: Accounting

As stated in ASIC Regulatory Guide (RG) 261 and s738H of the Corporations Act 2001, “not...

As stated in ASIC Regulatory Guide (RG) 261 and s738H of the Corporations Act 2001, “not being listed on a financial market in Australia or overseas (including its related parties)” is among the requirements for company eligibility to make a Crowd-sourced funding (CSF) offer.

  • Ms Apple holds 15% of X Pty Ltd., 100% of Y Ltd., and 15% of Z Pty Ltd.
  • Square Co Ltd holds 43% of X Pty Ltd., the rest (%42) of the company shares is held by Mr Apple., the husband of Ms Apple.
  • Finally, Circle Co Ltd. holds 85% of Z Pty Ltd.

Question 1

When assessing the CSF eligibility of Y Ltd, are Circle Co Ltd. or Square Co Ltd. related body corporates of Y Ltd.? Please state your reasons.

Question 2

When assessing the CSF eligibility of Y Ltd in making Crowd-sourced funding (CSF) offers, would it be accurate to say Ms and Mr Apple are related parties under RG 261? Please state your reasons.

Solutions

Expert Solution

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

Outline the liability of the directors in terms of their duties under the Corporations Act 2001
Outline the liability of the directors in terms of their duties under the Corporations Act 2001
Section 191 of the Corporations Act 2001 (Cth) imposes a duty on a director to disclose...
Section 191 of the Corporations Act 2001 (Cth) imposes a duty on a director to disclose to the other directors any “material personal interest”? What is “material personal interest”? a. An interest that relates to the affairs of the company. b. A personal interest that will be substantially affected by a decision of the company. c. An interest from which the director stands to benefit personally. d. All of the above are correct. question 2 The statutory business judgment rule...
make a summary of the corporations Act 2001(Cth) requirements for the use of proxies at general...
make a summary of the corporations Act 2001(Cth) requirements for the use of proxies at general meetings.
With reference to relevant provisions of the Corporations Act 2001 (Cth), explain the differences between unfair...
With reference to relevant provisions of the Corporations Act 2001 (Cth), explain the differences between unfair preferences and uncommercial transactions.
Company Law ILAC With reference to relevant provisions of the Corporations Act 2001 (Cth), explain the...
Company Law ILAC With reference to relevant provisions of the Corporations Act 2001 (Cth), explain the differences between unfair preferences and uncommercial transactions.
With reference to relevant provisions of the Corporations Act 2001 (Cth), explain the differences between unfair...
With reference to relevant provisions of the Corporations Act 2001 (Cth), explain the differences between unfair preferences and uncommercial transactions.
Question 4 (10 marks) With reference to relevant provisions of the Corporations Act 2001 (Cth), explain...
Question 4 With reference to relevant provisions of the Corporations Act 2001 (Cth), explain the differences between unfair preferences and uncommercial transactions.
Question 4 (10 marks) With reference to relevant provisions of the Corporations Act 2001 (Cth), explain...
Question 4 With reference to relevant provisions of the Corporations Act 2001 (Cth), explain the differences between unfair preferences and uncommercial transactions.
The Corporations Act 2001 (Cth) provides defences for director’s conduct that may otherwise breach sections of...
The Corporations Act 2001 (Cth) provides defences for director’s conduct that may otherwise breach sections of the Act. Identify these defences for directors and explain how these defences can be applied in relation to that particular breach.
The Corporations Act 2001 (Cth) provides defences for director’s conduct that may otherwise breach sections of...
The Corporations Act 2001 (Cth) provides defences for director’s conduct that may otherwise breach sections of the Act. Identify these defences for directors and explain how these defences can be applied in relation to that particular breach.                                                   
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT