Public companies must comply with which Act?Various partnership acts depending upon their home-based state1Corporations Act 20012All of the above
Question
Public companies must comply with which Act?
- Various partnership acts depending upon their home-based state
- Corporations Act 2001
- All of the above
Solution
Public companies must comply with various regulatory requirements depending on their structure and jurisdiction. Here’s a breakdown:
- Public Companies: Public companies must adhere to the regulations established by the Securities and Exchange Commission (SEC) in the U.S. and equivalent bodies in other countries.
- Various Partnership Acts: While partnership acts are primarily applicable to partnerships rather than companies, specific states may impose partnership regulations that public companies must consider depending on their operational structure.
- Corporations Act 2001: This specific act is pertinent to public companies in Australia and outlines the compliance necessary for corporations.
Conclusion
Public companies must comply with both the Corporations Act 2001 and various partnership acts where applicable, making "All of the above" the correct answer.
Final Answer
All of the above
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