Which of the following statements is incorrect?
A) proprietary companies can only make regulated share offers to employees or to existing shareholders
B) unless exempted it is prohibited to advertise an unregulated offer of shares
C) public companies can make unregulated share offers as long as they do not infringe the stock exchange listing rules
D) unless exempted an unregulated share issue can not be made to more than 30 investors
Correct Answer:
Verified
Q23: An undersubscribed share issue must always be
Q24: Proprietary companies must have at least two
Q25: A prospectus will always guarantee a minimum
Q26: Share issue costs are an expense that
Q27: Irridium Ltd had a share capital
Q29: Public listed companies can issue up to
Q30: Strontium Ltd had owner's equity of
Q31: Strontium Ltd had owner's equity of
Q32: In a new regulated share issue (not
Q33: The rights to new shares shares not
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