Regulatory Alerts2020-06-19 | RG-261RG 261 Crowd-sourced funding: Guide for companies
The Australian Securities and Investments Commission issued this guide to assist companies seeking to raise funds through the crowd-sourced funding regime under the Corporations Act. It details eligibility criteria for making share offers alongside specific disclosure, reporting, audit, and corporate governance obligations for both public and proprietary companies. The document also notes that applications for relief must be submitted via the ASIC Regulatory Portal starting from 27 July 2020.
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