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003-056 - Crowd Sourced Funding - Post Captial Raising

At the end of the three month period for the listing of the company securities or the shorter period that has been specified in the Crowd Sourced Funding Offer Document the Intermediary will communicate with the company to advise on the results of the share issue. If, at least the minimum subscript ...Read more
$11.00


  • Description
  • Specifications

At the end of the three month period for the listing of the company securities or the shorter period that has been specified in the Crowd Sourced Funding Offer Document the Intermediary will communicate with the company to advise on the results of the share issue.

If, at least the minimum subscription amount has been reached, the Intermediary will forward a list of the company’s new shareholders with a request that the company’s directors, ensure that share certificates are issued to the new shareholders.

The Intermediary will transfer to the company’s nominated bank account the total of the subscriptions received less the Intermediary’s agreed fee.

This paper gives an overview of Post Capital Raising and has been written under the following headings:

  • Crowd Sourced Funding Intermediary Report
  • Issue of Shares
  • Shareholders Register
  • Lodgement of Shareholders Details with ASIC
  • Offer to Purchase Securities in CSF Proprietary Companies
  • Exemption from Takeover Rules
  • Unsolicited Offers
  • Additional Requirements For Small Proprietary Companies With One of More CSF Shareholders
  • Annual Financial Reports and Directors’ Report
  • Small Proprietary Companies – Shareholder Directions
  • CSF Audit Threshold
  • Small Proprietary Company – Audit
  • Small Proprietary Companies – Directors’ Report
  • Annual Financial Report to Members If More Than $3 Million Raised
  • Audit Requirements