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CSP: Q2 - Coggle Diagram
CSP: Q2
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PROMOTERS
Def
someone who helps create and set up a company
Prepare official doc - doesn't include those who just provide professional service
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EFFECT OF INCORPORATION
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Registered Office, Appointed Directors & CS
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NO PAR VALUE SHARE
No Par Value
Shares are not assigned a specific value at the time of issuance - company flexibility in pricing shares without being tied to a minimum value
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NOTICE OF AGM
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Call Meeting
At least 21 days before AGM -
Or any longer period specified in its constitution - Subsection 316(2)(a)
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PROXY FORM
Validity
Timely Submission - proxy forms are submitted within the deadline specified in the notice of the meeting
Completeness -proxy form is fully completed, signed, and dated
Validate Member Details - Cross-check the member's details (eg: name & address) on the proxy form with the company's register of members.
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Shareholding Details Verification - Verify the number of shares held by the shareholder and that the proxy form reflects the correct number of shares represented
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AFTER AGM
CS's Responsibilities
Preserve all proxy forms, attendance registers, & meeting minutes
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SUBDIVISION OF SHARE
Def
Process of dividing existing shares into smaller units without changing the overall value of the shares
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