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Corporate Law Assignment - Doc

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Added on  2020-05-28

Corporate Law Assignment - Doc

   Added on 2020-05-28

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1Corporate LawName:Course Professor’s nameUniversity nameCity, StateDate of submission
Corporate Law Assignment - Doc_1
2Part 1Registration of a Proprietary Company There are several steps to consider in registration of a proprietary company. These steps are also guided by the company Act in sections 117, 134, 135 and 169 respectively. The internal management of a company is set so that a company can be managed, run and directed in an orderly manner to avoid collapse of the company. Company registration especially proprietary company must be set such that all section under the company law are adhered to. A proprietor of the company must make sure that the guidelines under sections 117, 134, 135 and 169 are put into consideration in the set up (Boros and Duns, 2013). The company is called Intercom Communications Ltd. Its constitution, the memorandum of association and article of association will help the company in managing its internal affairs especially in the management of the company. The company’s Board of Directors and the audit department or the audit committee are solely responsible for the implementation of systems and controls in regards to financial reporting. Reporting is based on the commercial and administrative processes and information that is produced by the management financial systems(Kraakman, n.d.).Section 117 of the company’s Act contains resolutions and agreements that should be filled. There should be copies or a copy of every agreement and resolution in respect to the matters that have been specified in the statement. The section contains document for any resolution that a company is willing to share to the shareholders(Mahaffy and Doyle, 2010). It also state thatOne director should live in AustraliaThere must be a physical address in registration
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3A company secretary in the same countrySection 134/ 135 of registration of a proprietary company involves internal management of the company. Internal management is important so that the company can have both effective and efficient internal management systems. Section 169 suggest that the company must share a register for each class of shareAnt proprietary company must maintain a register of its class of shares. The record is called a share register which records the shares and respective shareholders (Mason, 2009). The share register is important as it ;Contains the address and the name of the memberThe prescribed date of the member entry, andThe respective number of shares held by each member.INTERCOM COMMUNICATION PTY LTDACN 234 178 289NOTICE OF ANNUAL GENERAL MEETINGExplanatory Statement and Proxy FormDate of Meeting:Friday,25 March 2018
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