ANS : will we fold or fly?, page-7

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01/02/21

08:48

Post #: 50593084
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Originally posted by Praetor: ↑

I think it’s yearly.

WHAT ARE THE REPORTING REQUIREMENTS OF AN UNLISTED PUBLIC COMPANY?

The financial reporting obligations of an unlisted public company depend on whether it is a company that is:
Not a disclosing entity or a company limited by guarantee– these public companies must prepare annual financial reports in accordance with chapter 2M of the Corporations Act 2001 (Cth). These reports must be audited, lodged with ASIC within four months of the financial year end, and, sent to members by the report due date or 21 days before the AGM (whichever is sooner).
Not a disclosing entity– these public companies are not required to comply with the same reporting requirements as the above if all conditions ofASIC Corporations (Wholly-owned Companies) Instrument 2016/785are met and the company is not a borrowing corporation, the guarantor of such a borrower, or, a financial services licensee. These companies must be a wholly owned entity and have undertaken a deed of cross guarantee with every company in the closed group.
Limited by guarantee– public companies limited by guarantee are required to prepare annual financial repost and a director’s report with specific disclosure as set out in section 300B of the Corporations Act 2001 (Cth). These reports must be prepared in accordance with Chapter 2M of the Corps Act and must be audited or reviewed.
Once a public company lists on disallowed, their reporting requirements may change.

Source: patricia.com.au

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Sorrow to say yes they have a obligation thats all
But facts are they the BOD are in control without the ASX conditions its free sailing
Really lets see how good management are and how they respect their S H
DING is just having a great holiday......imo

Sad day for SDL and ANS....Bad management can cost S H heaps if make bad decisions....imo
ANS Price at posting: 1.7¢ Sentiment: None Disclosure: Held
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0 Great analysis

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