17 2 CLAW2201 6 B Lecture Securities(1) (1).pptx

17 2 CLAW2201 6 B Lecture Securities(1) (1).pptx - CLAW2201...

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Page 1 Dr Juliette Overland and Ms Susan Edwards Week 6, Semester 2, 2017 Introduction to Securities Markets CLAW2201 Corporations Law
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The University of Sydney Page 2 Mid-Semester Exam Mid-semester Exam 1.50pm Sunday, 17 September Locations will be provided online FAQs online Closed book exam Please post any queries in Discussion Board on Blackboard (instead of sending emails) Dr Juliette Overland and Ms Susan Edwards 2017
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The University of Sydney Page 3 Revision Question 1 Pinocchio Pty Limited was incorporated on 31 July 2014. Pinocchio Pty Limited has two directors and three shareholders. It has not adopted a constitution. Which of the following statements is true? A. The replaceable rules apply to Pinocchio Pty Limited. B. The replaceable rules will not apply to Pinocchio Pty Limited unless and until the shareholders adopt them by special resolution. C. The replaceable rules will not apply to Pinocchio Pty Limited unless and until the shareholders adopt them by ordinary resolution. D. Pinocchio Pty Limited must adopt a constitution to regulate its internal management since it has not adopted the replaceable rules. Dr Juliette Overland and Ms Susan Edwards 2017
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The University of Sydney Page 4 Revision Question 1 Pinocchio Pty Limited was incorporated on 31 July 2014. Pinocchio Pty Limited has two directors and three shareholders. It has not adopted a constitution. Which of the following statements is true? A. The replaceable rules apply to Pinocchio Pty Limited. B. The replaceable rules will not apply to Pinocchio Pty Limited unless and until the shareholders adopt them by special resolution. C. The replaceable rules will not apply to Pinocchio Pty Limited unless and until the shareholders adopt them by ordinary resolution. D. Pinocchio Pty Limited must adopt a constitution to regulate its internal management since it has not adopted the replaceable rules. Dr Juliette Overland and Ms Susan Edwards 2017
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The University of Sydney Page 5 Revision Question 2 Zanzibar Limited was incorporated on 1 January 2012. Which of the following statements must be true? A. The replaceable rules are not applicable because Zanzibar Limited is a public company. B. ASIC must be notified within 14 days of any amendment made to its constitution. C. Zanzibar Limited’s constitution will contain pre-emptive rights over the issue of new shares. D. Outsiders will be considered to have constructive notice of the contents of Zanzibar Limited’s constitution because of the operation of s 130 of the Corporations Act. Dr Juliette Overland and Ms Susan Edwards 2017
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The University of Sydney Page 6 Revision Question 2 Zanzibar Limited was incorporated on 1 January 2012. Which of the following statements must be true? A. The replaceable rules are not applicable because Zanzibar Limited is a public company.
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