If a Company Has Not Reached a Minimum Subscription Level

question 9

True/False

If a company has not reached a minimum subscription level within 90 days of the date of the disclosure document, the money paid in by applicants must be refunded by the company within 1 month in accordance with the requirements of ss 724(1) and (2) of the Corporations Act.

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Definitions:

Genuineness

The quality of being authentic, open, and sincere in one's interactions with others.

Congruence

Refers to the alignment or agreement between one’s internal feelings and external expressions, often highlighted in therapeutic relationships.

Spontaneity

The quality of being spontaneous; acting on impulse or without premeditation.

Supporting Nonverbal Behaviors

Nonverbal actions or gestures that reinforce verbal communication and show empathy or understanding towards others.