ACCOUNTING-This assignment is about Australian Corporate Act.

QUESTION

This
assignment is about Australian Corporate Act.

Part 1

Register
a Proprietary Limited Company. You should refer to Section 117 of the
Corporations Act, complete an application form and prepare allrelevant consents.

You
must have ashare 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 ( NBDO NOT REPRODUCE THE REPLACEABLE RULES IN
YOUR ASSIGNEMENT)and a constitution.
The
constitution shouldmake 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.
Each section must has 200 words of
explanation.

ANSWER:

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