Are private companies subject to securities law?
Are private companies subject to securities law? https://jhwbizlaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Jiang Hong Wilkin Business Law //jhwbizlaw.com/wp-content/uploads/2020/07/jhw-logo.pngMost people think that securities law applies to the public companies only, and private companies do not need to worry about securities law. This is not correct. In Canada, private companies issuing shares must also comply with securities law. Private companies are exempt from prospectus requirement, if certain conditions are met. For example, there should be share transfer restrictions, shares…