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Corporations Law

The Board of Directors of Lackcash ( a proprietary co) are considering the following options:
(a) To raise capital of $6 million by an issue of shares to its shareholders; or
(b) To utilise any method of obtaining the $6 million without contravening Ch 6D of the Corporations Act. Advise the Board of Lacklash Pty Ltd of the corporations law involved.

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