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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 – refer to section 169.

Prepare a constitution; see Section 134 & 135 so that your company’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 –refer to section 254A (2) of the Corp. Act

(FOR EG:ACompany should have the class of preference share  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 – total 15% WORD LIMIT – 200 words per explain.



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