Under s 45A (2) of the Corporations Act 2001 (Cth), a proprietary company is a small proprietary company if it satisfies at least two of the following criteria:
- Consolidated operating revenue is less than $25 million;
- Consolidated gross assets is less than $50 million; and
- Less than 30 employees.
Correct Answer:
Verified
Q2: Both public and proprietary companies must have
Q3: A corporate group exists where one company
Q4: The recognition that a company is a
Q5: In accordance with s 124 of the
Q6: The corporate veil separates the owners and
Q7: Which of the following is NOT a
Q8: Which of the following is incorrect?
A) Public
Q9: Polly Parrot registers a company called Lorikeet
Q10: Verge Ltd has issued the following shares
Q11: The Corporations Act 2001 (Cth) provides that
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