Proprietary Company Registration and Constitution

This assignment focuses on the process of registering a proprietary company in Australia. It delves into the company's constitution, outlining key clauses such as the definition of terms like 'director,' 'member,' and 'preference share.' The assignment also highlights relevant sections of the Corporation Act 2001 (Cth), including those governing internal management, replaceable rules, member registration, and preference share issuance.

Part 1
Register a Proprietary Company
Constitution
Definition Clause
I. The constitution is only applicable for this company
II. It will include the dividend and provisional clauses
III. The constitution is only applicable according to the Corporation Act 2001(Cth)
IV. The director of the company will be elected by the other board members
V. ASIC is defined the Australian Securities and Investment Commission
VI. The member is defined the person who will be present in the company at the proxy voting
process
VII. The Preference share is defined the percentage rate, which will be decided in the
certificate share.
VIII. The Prescribed rate is defined the of the overdraft loans which is calculated by the
Banker of the Company
IX. The seal is defined the general seal of the company.
Interpretation Clauses
I. The company will apply for the registration according to the section 117 of the
Corporation Act 2001 (Cth). The registration application will be lodge by the company
under the ASIC.

II. The Section 134 of CA has been legislated the internal management of the company
where the replaceable rules will be applicable. The replaceable rule of the proprietary
company and public companies will be registered under the section 135 of CA.
III. The members of the proprietary company will be registered under section 169 of the CA.
IV. According to the section 254A Clause 2, the proprietary company will issue their
preference shares according to the proposed resolution of the company.