Proprietary company No more than 50 non employee shareholders Cannot raise

Proprietary company no more than 50 non employee

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Proprietary company: No more than 50 non-employee shareholders Cannot raise funds from the public Public company: Any company other than a proprietary company. Registered scheme: Registered scheme refers to a managed investment scheme that is registered under s.601EB of the Corporations Act.
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23 5.2. ASX Listing rules help ensure that information is disseminated in an efficient and timely manner. Failure to comply may lead to removal from the Board. ASX Listing Rules divided into 20 chapters - key are Chapter 3 (continuous disclosure) and Chapter 4 (periodic disclosure). Listing Rule 3.1 provides the general principle that: once an entity is or becomes aware of any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities, the entity must immediately tell the ASX that information. Research School of Accounting
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