'When a public company is formed it must have its shares listed on the Australian Securities Exchange (ASX) '.This statement is:
A) Correct, because a public company is limited by shares
B) Incorrect, because a public company that is limited by shares need not list those shares on the ASX
C) Correct, because if the company did not wish to have its shares listed it must be formed as a proprietary company
D) Incorrect, because the company must have its shares listed on any stock exchange, not just the ASX
Correct Answer:
Verified
Q2: During 20X5, KL Ltd issued new shares
Q3: A non-renounceable rights issue
A)means that shareholders who
Q4: Oceana Ltd issued 1 000 000 ordinary
Q5: A preference share
A)may give the holder a
Q6: John wants to set up a proprietary
Q8: Under common law, a company
A)may forfeit shares
Q9: A bonus issue
A)gives shareholders additional shares without
Q10: The constitution and replaceable rules of a
Q11: Registration of a newly-formed company is done
Q12: An issue of shares called a rights
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