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SLA - SILK LASER AUSTRALIA LIMITED


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my understanding is that an AGM will be called this year.

I've been fed bullsh*t in the past, so wouldnt be surprised if i've been fed more.

 

From a shareholders viewpoint I want to see the stock trading again asap, and in a less selfish way I want the company to continue trading so that bio a and SR can continue to be sourced locally for the people who rely on it.

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http://mobile.rbth.ru/articles/2012/10/19/...cuum_19265.html

Vadim Saltykovsky, Deputy Chairman of the Committee for Economic Cooperation with Asia and Oceania of the Chamber of Commerce and Industry of Russia, spoke with Ekaterina Zabrovskaya of RBTH about the ways to fill the information gap between Russia and Australia, as well as prospects for simpler visa formalities between the two countries, resumption of kangaroo meat supplies to Russia and other aspects of bilateral relations.

 

Of the big Australian companies currently operating in Russia I should mention Tiger, which is engaged in coal mining in Chukotka, and the pharmaceutical company Solagran, which was founded by a Russian emigrant. It works in the Tomsk Region, producing medications from Altai herbs. These are the two biggest Australian projects in Russia. We would like to have more partners of this kind.

 

Big Australian company? :laugh:

 

Really would have thought that we'd have heard about the 2012 AGM by now.

Last years Notice of AGM came out on 17/10.

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Here's some interesting stuff about AGM's. I think it would pay to check if anything has been gazetted by way of extensions. And it may pay to make the auditors conform with their statutory requirements by sending them some questions. Something like, why aren't they signing off the accounts in a tagged state instead of demanding a business plan if that story is even true.

 

Look up the concept of strict liability and enforce it upon them.

 

http://www.comlaw.gov.au/Details/C2012C002...1#_Toc318375053

 

Division 8ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâہ¡ÃƒÆ’‚ÂÂAGMs of public companies

 

250N Public company must hold AGM

 

(1) A public company must hold an annual general meeting (AGM) within 18 months after its registration.

 

(2) A public company must hold an AGM at least once in each calendar year and within 5 months after the end of its financial year.

 

Note: An AGM held to satisfy this subsection may also satisfy

subsection (1).

 

(2A) An offence based on subsection (1) or (2) is an offence of strict liability.

 

Note: For strict liability, see section 6.1 of the Criminal Code.

 

(3) An AGM is to be held in addition to any other meetings held by a public company in the year.

 

Note 1: The companyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s annual financial report, directorsÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ report and auditorÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s report must be laid before the AGM (see section 317).

 

Note 2: The rules in sections 249C‑250M apply to an AGM.

 

(4) A public company that has only 1 member is not required to hold an AGM under this section.

 

250P Extension of time for holding AGM

 

(1) A public company may lodge an application with ASIC to extend the period within which section 250N requires the company to hold an AGM.

 

(2) If the company applies before the end of the period within which the company would otherwise be required to hold an AGM, ASIC may extend the period in writing. ASIC must specify the period of the extension.

 

(3) A company granted an extension under subsection (2) must hold its AGM within the extended period.

 

(4) ASIC may impose conditions on the extension and the company must comply with those conditions.

 

(5) An offence based on subsection (3) or (4) is an offence of strict liability.

 

Note: For strict liability, see section 6.1 of the Criminal Code.

 

250PAA Exemptions by ASICÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâہ¡ÃƒÆ’‚ÂÂclass orders relating to externally‑administered companies

 

(1) ASIC may, by legislative instrument, make an order exempting any of the following from section 250N:

 

(a) a specified class of companies that are being wound up;

 

(b) a specified class of companies under administration;

 

© a specified class of companies subject to deeds of company arrangement.

 

(2) The order may be:

 

(a) unconditional; or

 

(b) subject to one or more specified conditions.

 

(3) ASIC must cause a copy of the order to be published in the Gazette.

 

250PAB Exemptions by ASICÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâہ¡ÃƒÆ’‚ÂÂindividual externally‑administered companies

 

(1) The liquidator of a company that is being wound up may lodge an application with ASIC to exempt the company from section 250N.

 

(2) The administrator of a company under administration may lodge an application with ASIC to exempt the company from section 250N.

 

(3) The administrator of a deed of company arrangement may lodge an application with ASIC to exempt the company from section 250N.

 

(4) If an application is lodged under subsection (1), (2) or (3), ASIC may, by writing, exempt the company from section 250N.

 

(5) The exemption may be:

 

(a) unconditional; or

 

(b) subject to one or more specified conditions.

 

(6) ASIC must cause a copy of the exemption to be published in the Gazette.

 

250PA Written questions to auditor submitted by members of listed company before AGM

 

Member may submit question

 

(1) A member of a listed company who is entitled to cast a vote at the AGM may submit a written question to the auditor under this section if the question is relevant to:

 

(a) the content of the auditorÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s report to be considered at the AGM; or

 

(b) the conduct of the audit of the annual financial report to be considered at the AGM.

 

The member submits the question to the auditor under this subsection by giving the question to the listed company no later than the fifth business day before the day on which the AGM is held.

 

(2) Despite the question being one that is addressed to the auditor, the listed company may:

 

(a) examine the contents of the question; and

 

(b) make a copy of the question.

 

Company to pass question on to auditor

 

(3) The listed company must, as soon as practicable after the question is received by the company, pass the question on to the auditor. The company must pass the question on to the auditor even if the company believes the question is not relevant to the matters specified in paragraph (1)(a) and (b).

 

Contravention by individual auditor

 

(4) If the auditor is an individual auditor, the auditor contravenes this subsection if the auditor does not prepare, and give to the listed company, a document (the question list) that sets out the questions that:

 

(a) the listed company has passed on to the auditor; and

 

(b) the auditor considers to be relevant to the matters specified in paragraphs (1)(a) and (b);

 

as soon as practicable after the end of the time for submitting questions under subsection (1) and a reasonable time before the AGM.

 

(5) An offence based on subsection (4) is an offence of strict liability.

 

Note: For strict liability, see section 6.1 of the Criminal Code.

 

Contravention by lead auditor

 

(6) A person contravenes this subsection if:

 

(a) the auditor is an audit firm or audit company; and

 

(b) the person is the lead auditor for the audit; and

 

© the person does not prepare, and give to the listed company, a document (the question list) that sets out the questions that:

 

(i) the listed company has passed on to the auditor; and

 

(ii) the person considers to be relevant to the matters specified in paragraphs (1)(a) or (b);

 

as soon as practicable after the end of the time for submitting questions under subsection (1) and a reasonable time before the AGM.

 

(7) An offence based on subsection (6) is an offence of strict liability.

 

Note: For strict liability, see section 6.1 of the Criminal Code.

 

Certain questions do not need to be included in question list

 

(8) A question need not be included in the question list under subsection (4) or (6) if:

 

(a) the question list includes a question that is the same in substance as that question (even if it is differently expressed); or

 

(b) it is not practicable to include the question in the question list, or to decide whether to include the question in the question list, because of the time when the question is passed on to the auditor.

 

Listed company to make question list available at AGM

 

(9) The listed company must, at or before the start of the AGM, make copies of the question list reasonably available to the members attending the AGM.

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2) A public company must hold an AGM at least once in each calendar year and within 5 months after the end of its financial year.

 

Base on the above, we have until Wed-Fri for an AGM notification. Otherwise, the authorities are also "in the loop" and hence the "rules" are irrelevant.

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Note 1: The company's annual financial report, directors' report and auditor's report must be laid before the AGM (see section 317).

 

The rules are not rules, they are law. Punishable at statute.

 

Five months takes it to the end of Nov. Typically AGM notices are at least six weeks but I have seen them as short as two or three which is completely illegal. But we must first get the annual report which needs the sign off from the auditors who if posed with questions from shareholders are under strict liability to answer them according to the criminal code.

 

Should the authorities actually be in the loop as pepee says, then the criminals have won.

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I have spoken to ASIC ASX ACCC and SLA in recent days.The ''office boy'' at SLA said he would get somebody to ring back.Of the annual meeting he stated that he was a shareholder and he had no idea what was happening.The others could not comment any further as it was up to the company.SEVEN months since being suspended and this terrific management havent said a word.Its surprising that when things were ''supposedly'' going well they would virtually announce to the ASX when they were going to the toilet.Diana where is this terrific management.
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Its surprising that when things were ''supposedly'' going well they would virtually announce to the ASX when they were going to the toilet.

 

At no time were things ever going well it was only a figment of some posters imaginations.

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