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Justification for section 124 of the corporations act

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Reference no: EM13837195 , Length:

Subject name is law of business organisation. I dont know i choose right or worng. Similarity allowed 15%.

Part 1:

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

PART 2:

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 - 2000 words

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