Private placement requires shareholder special resolution, capped investors, prescribed forms, bank account payments and detailed disclosures. Private placement now requires prior shareholder approval by special resolution for each offer, with the explanatory statement disclosing offer particulars, security type and price justification, valuer details, amount to be raised, material terms and objects; limited exceptions apply for non convertible debentures and prescribed annual aggregated approvals.
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Provisions expressly mentioned in the judgment/order text.
Private placement requires shareholder special resolution, capped investors, prescribed forms, bank account payments and detailed disclosures.
Private placement now requires prior shareholder approval by special resolution for each offer, with the explanatory statement disclosing offer particulars, security type and price justification, valuer details, amount to be raised, material terms and objects; limited exceptions apply for non convertible debentures and prescribed annual aggregated approvals.
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