BUS 200 Principals Of Management

Part 1

Definitions

Where to the contrary is not expressly mentioned the application of the following definition has to be done in relation to this constitution. 

• Dividend- Provisional and concluding dividend
• CA- Corporation Act 2001
• Directors- Persons appointed and acting as directors
• ASIC- Australian Securities and Investment Commission
• Present members- Body corporate or individuals available during a meeting
• Constitution- This Constitution
• Prescribed rate- Base rate and the  Charged interest by bank
• Preference Rate- Rate for dividends of preference shares which is provided on the share certificate
• Seal- Official and common seal of company

Part 2

 Interpretation within the constitution

No meaning of the words in this constitution subjected to be altered through the use of italics if it is not stated expressly

Part 3

General provisions

The company in compliance of section 117 of the CA does not allow from public funding or having more than 50 members within its registrar.

Section 4

Share issue

The directors have been provided the power through the constitution to issue shares on the behalf of the company. The powers not only include share issue but also options over share issue.

Unless otherwise restricted by law the directors have the power to issue any form of security or share on behalf of the company

Part 5

 Different classes of shares issued by the company

The company is going to issue class A shares during the time of incorporation. These shares will be take the form general shares and will not be allocated with any right to vote.  

Part 6

 Replaceable rules

The company would be governed by the replaceable rules entirely