Article sets out matters for shareholders to consider when entering into a joint venture or purchasing shares of a company.
Private companies can now seek finance through the equity CSF regime, that was previously open only to public companies.
Holley Nethercote commercial & financial services lawyers
Crowd sourced funding was very recently made available to proprietary companies.
Amendments to the Corporations Act will extend the availability of crowd-sourced funding
(CSF) to proprietary companies.
This CSF extension to private companies is a new development for small business, start-ups and the fin-tech industry.
The changes to the CSF regime present an excellent opportunity for smaller companies to tap into a larger pool of funds.
Davies Collison Cave
In a much welcomed sign for researchers, companies and investors alike in the field of nucleic acid-based therapeutics, on 10 August 2018 the US Food and Drug Administration (FDA) approved
CSF is a way for companies to raise funds from a large number of individuals who pay money for equity in the company.
Corrs Chambers Westgarth
A detailed factual enquiry is required whenever parties seek to establish fiduciary obligations within a joint venture.
Kemp Strang Lawyers
An 'Initial Coin Offering' is the new venture capital funding tool, where a company exchanges crypto currency for money.
The Regulations have been promulgated and the government proposes to extend the CSF Regime to proprietary companies.
The CSF regime provides an online, innovative, accessible and cost effective process for companies to source capital.
A CSF Intermediary is the link between companies looking to raise funds under the CSF regime and the general market.
ASIC has finally issued the first seven Australian Financial Services licences to equity crowdfunding intermediaries.
These exposure draft Regulations make further changes to the CSF framework, expected to extend to proprietary companies.
The legislation to extend crowdsourced equity based funding legislation to proprietary companies has failed to pass.
Norton Rose Fulbright Australia
A wide variety of grants and funding programs can assist start-ups and businesses develop and commercialise their IP.
The new regime aims to reduce regulatory barriers and compliance costs for businesses trying to raise money through CSF.
ASIC has released guidance to assist companies and proposed licensed CSF intermediaries in using the new CSF regime.
The article discusses numerous changes to the exposure draft, as redefined by Treasury following targeted consultation.