CORPORATIONS — Capital raising — Shares issued in contravention of ss 707(3) and 727(1) of Corporations Act 2001 (Cth) — Mistake where s 708A(5)(e) exemption not in fact available — Whether to validate issue and subsequent on sales under s 1322(4) of the Corporations Act 2001 (Cth) — Honest mistake — Where no substantial injustice to any persons.
Case Details
Citation[2020] NSWSC 1549
CourtNSWSC
JurisdictionNew South Wales
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