Pursuant to section 141 of the Corporations Act 2001, the constitution of a company may contain a number of rules, which may be replaceable depending on the formation of the company in question. Generally, the terms of the company constitution as contained in section 141 may prescribe rules surrounding:
- The appointment of directors;
- The powers of directors;
- The regulation of both directors’ and members’ meetings;
- Inspection of the books;
- Unusual rights which may attach to special classes of shares; and
- The transfer of shares.
At Navado we may be able to assist you in drawing up a constitution for your company regardless of whether you elect to trade as an incorporated association guaranteed by shares or as a sole director. Further, we may be able to assist you in relation to any dispute which may arise through any alleged noncompliance with your company constitution.
If you are require assistance with your company constitution or a dispute about compliance with an existing constitution, we recommend that you contact our firm on (02) 9233 4048 or send an email to info@navado.com.au and arrange an appointment to see one of our Compliance & Regulatory Law Solicitors.
This webpage (and any material or wording appearing on this webpage) is provided for general information purposes only and does not constitute any Legal Advice. It does not take into account your objectives, your instructions or all of the relevant facts and/or circumstances. Navado accepts no responsibility to any person who relies on the information provided on this website. We further refer you to our Disclaimer.
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