Register a Proprietary Limited Company. You should refer to Section 117 of the Corporations Act, complete an application form and prepare all relevant consents.
You must have a share register for each class of shares â€“ refer to section 169.
Prepare a constitution; see Section 134 & 135 so that your companyâ€™s internal management is governed by a combination of replaceable rules ( NB DO NOT REPRODUCE THE REPLACEABLE RULES IN YOUR ASSIGNEMENT)and a constitution. The constitution should make a provision for a class of preference shares â€“refer to section 254A (2) of the Corp. Act
(FOR EG:ACompany should have the class of preference shareÂ with following rights(254A2))
PART 2 15%
Explain the reason and justification for the following sections of the Corporations Act :- Section 254M (1); Section 124; and Section 232. Your explanation of each of the section carries 5 marks â€“ total 15% WORD LIMIT â€“ 200 words per explain.
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