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Fortunis Resources Case Study

528 Words3 Pages

Question 2 The regulatory approvals that is required for the completion of the transaction seems to be based on the case study of Fortunis Resources undertaken with thereby creating the relevant provisions of both the Corporations Act 2001 and the ASX Listings Rules (AASB, 2016). The consideration of the legal rulings is undertaken with the consideration of the case study of Fortunis Resources depicts the individual roles and the responsibilities provided or undertaken by the individual director or the independent expert. The legislations that are included with reference to the completion of the transaction helps in depict the sale and the purchase of the business regarding the organization in Australia which are depicted with referring to the following:- • The Corporations Act 2001(Cth) helps in regulating the companies in Australia with defining the basic features and the types. The incorporation and the rights of the shareholders, officers and the directors are also depicted with the determining the position of the companies. This Corporation Act helps in setting the rules that are considered helps in setting the rules governing the company with including the directors and their meetings (Bostock, 2012). The financial reporting and the …show more content…

It thereby helps in creating the proposed investments that creates certain thresholds and thereby the proposed acquisition made helps the organization to maintain the framework with the help of the investment depicting the thresholds and the criteria seems to be satisfied (Dauber, 2005). With disobeying Acts, the Fortunis Resources helps in the establishment of the trading positions and thereby it may lead to the breaching of the Act with making the reverse acquisition of the company Fortunis Resources as

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