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CSP: Q3 - Coggle Diagram
CSP: Q3
SECTION 228: TRANSACTION WITH DIRECTORS, SUBSTANTIAL S/HOLDERS / CONNECTED PERSONS
If a director or a significant shareholder (or someone connected to them) wants to buy significant assets from the company or sell significant assets to the company, they need approval from the company's shareholders at a general meeting.
W/out approval, transcation is void / invalid
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SECTION 218: PROHIBITION AGAINST IMPROPER USE OF PROPERTY, POSITION, ETC
Involve in company that compete with own company - potentially use inside information to benefit a competitor
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CHANGE CS
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2) Resignation receive -> Board must immediately appoint new CS.
Ensuring office does not remain vacant for more than 30 days to avoid penalties. -
Must identify a qualified candidate for the position and obtain their written acceptance of the appointment.
3) New CS prepare necessary documents for the transition and notify CCM about the change (including any updates to the registered address)
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