Which of the following statements about a no liability company is incorrect?
A) A no liability company will issue shares on a partly paid basis.
B) In Australia only mining companies can list as a no liability company.
C) A no liability company may also offer shareholders an option to sell shares back to the company if the company exploration is not successful.
D) If a no liability gold-mining company discovers gold then for the product phase the company may issue a further call on the partly paid shares.
Correct Answer:
Verified
Q34: Which of the following requirements does NOT
Q35: Holders of equity capital:
A) receive interest payments.
B)
Q36: A person who is authorised to vote
Q37: Companies can raise equity capital through:
A) the
Q38: If,for an IPO,circumstances change and the issue
Q40: If,for an IPO,market prices have fallen,then underwriters
Q41: If a company raises equity funds by
Q42: Which of the following is generally NOT
Q43: The main advantage of placements to raise
Q44: Compared with a pro-rata issue of shares,placements
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