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Shares Capital, Fundraising and Insolvency

Solvency Resolution – Public Company

I have sent out to each of you a copy of the annual Company Statement received from ASIC and, as required, asked you to check and...

Solvency Resolution

Under the Corporations Act Section 588G a company’s directors should ensure that at all times it is solvent; a company cannot trade whilst insolvent. Sec. 95A states...

New Shareholder Welcome Letter

When issuing new shares, or following transfer of shares, it is appropriate to send out a covering letter with the Share Certificate covering generic...

Master Share Transfer

There are various situations where use of a ‘master share transfer form’ is appropriate, some considered below. Distribution In Specie You are proposing that the ownership of...

Share Trading Policy – Staff Circular

Directors, I propose the following be circulated to all staff:- Policy on Trading in the Company’s Shares I am writing to bring your attention to the Company’s Securities Trading...

Share Split / Sub-Division

To facilitate the company’s proposed capital restructure I suggest that the existing 2 shares of $1 each be subdivided and split into 20 shares (i.e., a...

Shares: Off-Market Transfers

Shares in companies listed on the stock exchange are usually traded (sold/bought) through a stockbroker. However, there are situations where private sales/transfers take place, deceased estates, etc,...

Share Registry Audit

As part of a company’s audit one area that can be overlooked is audit of the share register to ensure, amongst other things, that the total...

Share Register Access

For your information, changes to the Corporations Act have clarified when people can/cannot access the company’s Share Register. In summary, the situation is:- Pursuant to section 173(1) anyone –...

Receipt for Share Purchase

I find it most unusual, because I have never been asked the question before, but can understand that it might be perfectly reasonable for the buyer...

Share Placement

One way a company can raise additional share capital – particularly if funds are needed relatively quickly – is to do a “share placement”; i.e., by...

Shareholder Name Change

A shareholder’s name can change for a few different reasons: personal name changes are usually because of marriage, divorce or by deed poll corporate changes are almost always where...

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