Question 1 (10) organisational law

Ag Exports Ltd is an unlisted public company. The board of directors of the company

consider that listing on the ASX would be beneficial for the company because having a

liquid market for the company's shares should lower the company's cost of capital.

Along with the listing, the company is planning a public offer of shares through the issue

of a prospectus.

(a) Where does the power to issue shares come from? (1)

(b) To list, the company will need to have a constitution which is 'consistent with the

ASX Listing Rules'. What are the ASX Listing Rules? (1)

(c) What is a prospectus? (1 )

(d) How is a prospectus different from an Offer Information Statement (OIS)? (1)

(e) What is the 'general disclosure requirement' that applies to most prospectuses? (3 )

(f) What is the legal requirement regarding the wording of a prospectus? (1)

(g) What are the consequences if a prospectus contains a misleading or deceptive

statement, or an omission of material required to be included under the

Corporations Act? (2)

use: Australian corporation act