ACC1000 Study Guide - Final Guide: Impaired Asset, Intangible Asset, Accrual
Document Summary
Issue of shares, a company can issue shares on any terms or conditions it determines, share capital may include different classes such as. Preference [to issue preference shares, a constitution setting out the rights is necessary to s254 a 2]. Share issues can be issued at any price, payable in full or by installments. Different rights in respect of voting, profit, return capital. Right to share in assets on winding up. Ordinary shareholders have no specific rights to dividends. Shares issued by an initial public offering (ipo) prospectus process s710 through to s716. Such processes involve shareholders applying for a number of shares in response to a prospectus issued by the company. The company will then issue the shares to new shareholders based on the application received. Such shares issued are accompanied by disclosure documents. Commonly the disclosure document specifies a minimum number of applications, which must be received in order for the share issue to proceed.
