ACCT10002 Lecture 8: ACCT10002 Wk. 8

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11 Oct 2018
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If no constitution, the replaceable rules of ca 2001 automatically apply as default rules for internal management. Private placement: share issue in which invitation is privately made to certain potential investors: can be arranged through a merchant bank that specialises in bringing securities to potential investors (eg. broker, fund manager or superannuation fund) Prospectus: a do(cid:272)u(cid:373)e(cid:374)t (cid:396)epo(cid:396)ti(cid:374)g o(cid:374) the (cid:272)o(cid:373)pa(cid:374)y(cid:859)s fi(cid:374)a(cid:374)(cid:272)ial positio(cid:374), pe(cid:396)fo(cid:396)(cid:373)a(cid:374)(cid:272)e a(cid:374)d plans. Contains reports from independent parties, such as independent accountants and other exports. When deciding to issue shares, it must decide: 1000 (to record issue of 1000 shares at each) Call on capital: when a company asks shareholders to pay some or all of the unpaid capital on issued shares. If sha(cid:396)eholde(cid:396) does(cid:374)(cid:859)t pay a (cid:272)all o(cid:374) sha(cid:396)es (cid:449)he(cid:374) due, those sha(cid:396)es (cid:373)ay (cid:271)e fo(cid:396)feited. Share split: involves the issue of additional shares to shareholders according to their % ownership and results in a reduction in stated value per share.

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