Rebuild the cap table and constitution rights from company records and ASIC data
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Extract share classes, options, convertibles, pre-emption, drag/tag and consent rights from the constitution, SHA, registers and ASIC data into a matrix.
- What the lawyer must review
- Check against a current ASIC extract and the executed shareholders' agreement
- Capture options, performance rights, convertible notes, SAFEs and warrants
- Check preference waterfalls and conversion ratios
- Check foreign ownership at every layer for FIRB
- Check pre-emptive rights and waivers
- Written for / version
- Commonwealth versionCth
Rules that apply
The document starts from the task name. Change it if this piece of work is different.
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes extracting and organising information. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Obtain and inspect the relevant current official register or search result. Confirm identities, interests and the date and scope of the search.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.