BLAW20001 Lecture Notes - Lecture 6: Investor, Debenture

• School: University of Melbourne
• Department: Business Law
• Course: BLAW20001
• Professor: All

Document Summary

Disclosure: the aims of corporate regulation include investor protection, e ciency in capital raising, and systemic stability, mandatory disclosure has a role to play in achieving each of these aims. When a company is formed it must nominate a place in australia as its registered o ce s 121: financial records. All companies must keep su cient records to enable the preparation of nancial statements if required s 286: minute books. Minutes of meetings and resolutions of directors and members part 2g. 3. E. g. resolution to issue preference shares s 254a(2) Asic v hellicar: directors approved media release saying compensation was fully funded by company, not fully funded, directors claimed media release was not approved, approval found in formal record - minutes of board meeting, registers. Where registers must be kept s 172: any person is allowed to inspect the register s 173(1, must be related to shareholding. E. g. to requisition a meeting: limited use of information s 177.