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  3. question 4 please answer the following questions regarding members rights...

Question: question 4 please answer the following questions regarding members rights...

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Question 4

Please answer the following questions regarding members’ rights:

a)    Kate is very unhappy that a particular resolution has been passed at a recent general meeting of L.P Pty Ltd. She says that she did not receive a Notice of the Meeting and therefore did not attend so as to be in a position to vote on it. 

 

Is there anything that Kate could do about this situation? Please quote legislative references in support of your response. 

b)    What “disclosure” actions are required of directors of:

(i) Public companies

(ii) Proprietary companies

 

 

in any related party transaction? 

Question 5

 

a)    A public company is able to issue a prospectus whereby it can seek funds from the members of the public who subscribe for shares in that company. Identify three matters which must be disclosed to the public in any prospectus. Quote legislative references in support of your response.

 

b)    Comment on the following statements:

 

(ii)              In relation to public fundraising, identify the circumstances in which ASIC may issue a stop order & what might be at least two (2) consequences of a company’s failure to comply with such an order.

 

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