Corporations Act 2001
A proprietary company that is required to notify ASIC under section 178A of an addition or alteration must also notify ASIC, at the same time, of any of the following details in relation to the company that are different from the details previously notified to ASIC:
(a) the total number of the company ' s shares on issue;
(b) the classes into which the shares are divided;
(c) for each class issued:
(i) the total number of shares for the class;
(ii) the total amount paid up for the class;
(iii) the total amount unpaid for the class;
(d) that the company has started to have one or more CSF shareholders;
(e) that the company has ceased to have any CSF shareholders.
[ CCH Note: S 178C(1) will be amended by No 69 of 2020, s 3, Sch 1, by substituting " the Registrar " for " ASIC " (wherever occurring) (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
An offence based on subsection (1) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .
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