CORPORATIONS - issue of shares by a company without a prospectus - attempt by the company to issue a cleansing notice under s 708A(5) of the Corporations Act 2001 (Cth) - the company not qualified to issue such a notice - sellers of the shares contravened s 707(3) and s 727(1) of the Corporations Act - relief sought under s 1322(4) of the Corporations Act for orders validating share trades and relieving the sellers of civil liability.
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