Question
pls help australia law In order to obtain the funds necessary to expand its business Growth Ltd is to make a $12M share issue. Advise
pls help
australia law
In order to obtain the funds necessary to expand its business Growth Ltd is to make a $12M share issue. Advise the directors of Growth Ltd over the following matters.
REQUIRED:
(a)Can the funds be raised without a prospectus?
(b)If a prospectus is prepared, will the directors be safe from prosecution if they provide to investors in everything they know that is relevant about the investment?
(c)If the company issues a prospectus and the directors then become aware that there is a false and misleading statement in it, what alternatives are available to them under the CA?
(d)Does the CA provide any protection for directors where funds are raised under a prospectus that contains a misleading statement?
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