Winbar and With Group

Rules and Regulations
INVESTIGATION

 
Winbar and With Group "Investigation" Rules and Regulations are housed under the sections stated below. Please mouse-click the relevant section for instant viewing.
 

 

 

EXAMINATION OF ISSUER
A credit granting subsidiary must perform or cause to be performed an examination of the Borrower or a Participant of its organisation or an Issuer's affairs prior to approval, which includes review of the Issuer's:
Constating documents and minute book for a substantial past period of time;
Material contracts and indebtedness, and their status;
Audited and unaudited financial statements since incorporation for the previous five years;
Business and, where appropriate, the facilities and sample of products, customers, etc.;
Proposed use of proceeds, its feasibility and confirmation thereof;
Actual or pending litigation and its likely outcome;
Title to material assets;
Management and their background, reputation and competence; and
Business plan, including pertinent matters with respect to production, marketing, finance, personnel and capitalisation.
 

REVIEWS AND PROCEDURES

The following reviews and procedures should also be attended to:

1.
Review:
the expert's qualifications, reports, evaluations or opinions, and hold discussions with the expert to confirm their veracity and to discuss matters generally; and
discussions are required to be held with the auditors, counsel and engineers, geologists, appraisers and others whose profession gives authority to statement made by them;
2.
Review discussions with the officers of the Issuer;
3.
Perform a detailed review of the prospectus/offering, including the financial statements forming part of it, and investigate to a reasonable extent all material facts set forth in the prospectus;
4.
Consider the risk of the business and the risks to a subscriber of the IPO securities/bond offering;
5.
Consider the industry conditions and governmental regulations;
6.
Conduct other investigations appropriate and reasonable in the circumstances;
7.
Complete and review the directors and officers questionnaire relevant to the prospectus/offering; Participate in one or more formal due diligence meetings.
   
     

 
 
 
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