Comparison Of Different Exemptions Regulations For Fundraising Activities

Comparison Of Different Exemptions Regulations For Fundraising Activities

Length: 1455 words (4.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

To: CEO of gaming apps
From: employee
Date: 5/9/2015
Subject: Comparison of different exemptions applicable to fundraising activities

Being an investor in today 's society requires a substantial amount of capital funding. Due to our company seeking to obtain $2-3 million in funds, the company will need to establish other ways of fundraising. Such fundraising methods can include, introducing wholesale investors, small offer funding, crowdfunding, peer to peer funding, and obtaining close business associates and relatives. The basic rule is that any offer of financial products, requires part 3 disclosure unless schedule 1 provides otherwise. However within these types of funding, there will be various exemptions which may apply. Such exemptions can detriment the way we do business and neglect certain funding aspects which is controlled by the Financial markets act 2013 (FMCA). This will regulate all business entities such as sole traders, partnerships, companies and other incorporated bodies. The main purpose of the FMCA is to help protect investors on certain information but also proper governance in the arrangements for financial products. In our case, our investors need to be protected if they decided to fund us $2-3 million.

We can assume that because there is a substantial amount ($2-3 million) needed to be funded, it would require the substance of regulated offers. In order to make a regulated offer, the offeror of the financial products must prepare a PDS (product disclosure statement) under section 48. The PDS must be lodged within the registrar and supplied to the registrar of all information that the register is required to contain by this act or the regulations. The objective of the PDS is to present c...

... middle of paper ...

...e investors to assess the merits of the offer or obtain further information. However there are exemptions in terms of who can be in this type of investment relationship. In the case Lawrence V registrar of companies, the investors were ex-clients of an employee of the offeror. Thus, “ a business investment relationship cannot without more give rise to the characteristics that exclude the offerees from the public”.

For the company to obtain funding for the $2-3 million in gaming apps can be done through various funding regimes. Such funding regimes include, Crowdfunding, small offer, peer to peer funding, close business associates and relatives. Under the Financial Markets conduct act 2013, certain disclosure requirements on fundraising activities will apply
. All these types of funding are operated in different ways where certain exemptions or clauses may apply.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Analysis Of Clatsop Community Action Fundraising Plan Essay

- Fundraising Plan There is no single “right way” to create a fund raising plan for your nonprofit organization as every nonprofit has its own unique circumstances and opportunities to generate revenue (Kivimaki & Smith, 2016). Creating a fundraising plan requires for us to look at the organizations past performance, current performance and future performance. Knowing what has worked in the past will help us identify fundraising events that draw the most individuals from the community we serve. In the end, the more we know for the future the easier it will be to achieve our fundraising targets....   [tags: Non-profit organization, Fundraising]

Better Essays
2010 words (5.7 pages)

Singapore's Tax Exemptions Essay

- There are three categories of foreign income that are exempted from the Singapore tax. People should learn about this information, so they can know their tax status. Three foreign income categories that are exempted from tax are foreign dividend, foreign profits, and also foreign sourced service income. Several Important Conditions for Getting the Tax Exemption: According to Section 13(9) of the Income Tax Act in Singapore, the tax exemption can be approved when three conditions are met. There are three different conditions that people have to consider when they want to apply for this tax exemption....   [tags: foreign, income, incentive]

Better Essays
609 words (1.7 pages)

Academic Year Activities Essay

- Oasis 1. Introduction 1.1. Purpose 1.2. Scope 1.3. Definition, Acronyms and Abbreviation 1.4. Overview 2. Description 2.1. User characteristics 2.2. Assumption and Dependencies 2.3. Functionality 1. Introduction Department academic year activates and programs scheduled and display department calendar, that calendar indicate upcoming programs and various events information inform to student and staff members most helpful them. In the department catalog our course curriculum course adjective and motivations listed, the curriculum student can download in our website....   [tags: Events, Activities]

Better Essays
712 words (2 pages)

Fundraising Raises Money for an Activity, Cause, or Project Essay

- Fundraising alludes to the money raising process for a given activity, cause or project. Times are tough; hence, it is difficult for people, organizations or groups to raise the entire amount of the funds required to finance a cause or project. In most cases, given the lack of funds, viable program or project ideas are not executed. In such cases, external funding as source of income would be appropriate to ensure implementation of special or new projects. The main components of any successful fundraising include knowing the project or cause that requires funding; identifying what motivates groups, individuals or institutions to donate, familiarizing with own group or organization and being...   [tags: foundation, resources, mission]

Better Essays
1011 words (2.9 pages)

A Case Against Religious Exemptions Essay

- A Case Against Religious Exemptions A law can be thought of as a rule that is enforced by an organization or person, and whose purpose is to regulate social behavior. It is, however, hard to find a one-size-fits-all law that pleases everyone who has to follow it. Religious denominations have historically sought some exemption from generally applicable laws, and in many parts of the world, those exemptions have been granted. However, the bases on which these groups seek exemptions are questionable, and such immunities might not be the best foundation for sound political theory....   [tags: Islam, Religion, Religious pluralism]

Better Essays
1415 words (4 pages)

Medical Exemptions Should Not Be Allowed Essay

- A total of 19 states allow religious and philosophical exemptions when it comes to vital vaccinations (Frankel). If the number of unvaccinated children rises steadily each year, so will the outbreaks of deadly diseases. Parents are more concerned about the side effects of the shots instead of the fatal outcome if their child were to get infected with the disease (Bruni). The measles virus can infect 90% of people that are exposed to it if they do not have their necessary immunizations (Bruni). These health waivers seem to be the modern day fad; 68% of parents at a Santa Monica preschool choose to file personal-belief exemptions for their young children (Bruni)....   [tags: Vaccine, Vaccination, Infectious disease]

Better Essays
1006 words (2.9 pages)

My Co-curricular activities Essay

- I have participated in the following co-curricular activities: Student Council: I was elected by my classmates to be the student representative for my class on the Student Council at the Mother of God School in the third, fifth and eighth grades. Girl Scouts: I have been in Girl Scouts from the fourth grade to eighth grade. My troop has performed several service projects which include community improvement such as trash collection from the Potomac River, stuffing stockings filled with presents for the poor during Christmas, and creating jewelry to be sold in the school Christmas bazaar....   [tags: co-curricular activities, ]

Better Essays
682 words (1.9 pages)

The Tax Exemption Should Be Abolished Essay

- An Abused Privilege Taxes are mandatory, not optional contributions, appointed by legislature in order to regulate government finance, control inflation, and reduce the gap between rich and poor. The first church tax exemption can be dated back to 306-337 AD when the emperor of Rome granted the Christian Church a complete exemption from taxation (Gutu 1). United States churches first received federal income tax exemption in 1894 which provided tax exemptions to “corporations, association, or companies organized solely for charitable, educational, or religious purposes....   [tags: Tax, Tax exemption, Taxation in the United States]

Better Essays
1477 words (4.2 pages)

Fundraising and State Support Essay

- The examination of the relationship of fundraising and state support change was based upon an understanding of public choice theory, which is rooted in political economy and used to determine societal resource allocation preferences through the legislative process to attain the maximum social benefit (Herber, 1983). The theory has evolved over time with the core research of Buchanan and Tullock (1967) examining individual economic preferences demonstrated through the political system, establishing an approach for analyzing political decision-making....   [tags: Public Choice Theory, Education ]

Better Essays
1749 words (5 pages)

Local Fundraising Essay

- Running an election campaign is very strenuous and time consuming. In many ways it is a balancing act. One must deal with maintaining public visibility, appealing to the voters, developing a platform, kissing disgusting babies, and meeting as many people as possible. However, one of the most important and difficult parts of the job is raising money. Money is necessary for all parts of the campaign, and without it, a campaign can grind to a halt. In this paper I will attempt to explain how a candidate gets the money to campaign....   [tags: essays research papers fc]

Free Essays
2103 words (6 pages)