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BuS200 Business Management Assignment

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Added on  2020-10-22

BuS200 Business Management Assignment

   Added on 2020-10-22

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BuS200 2nd project 0218
BuS200 Business Management Assignment_1
Table of ContentsPART 1: REGISTER A NO LIABILITY COMPANY...................................................................1PART 2............................................................................................................................................3ROYAL COMMISSION............................................................................................................3POWERS OF ROYAL COMMISSION.....................................................................................3BANKING ROYAL COMMISSION.........................................................................................4ESTABLISHED..........................................................................................................................4IMPLEMENTED BY..................................................................................................................4COMMISSIONER......................................................................................................................4REPORT SUBMISSION............................................................................................................4TERMS OF REFERENCES.......................................................................................................4REFERENCES................................................................................................................................6
BuS200 Business Management Assignment_2
PART 1: REGISTER A NO LIABILITY COMPANYA No Liability company is an organisation under the Corporation Act 2001 of Australia,states objects that it is not entitled for call of unpaid issue price of shares. They can be used onlywhere main activity of company is that of mining or oil exploration (McQueen, 2016).As per sec 112(2) a company may be registered as No Liability Company, if:company has a share capitalhave no contractual rights under its constitution for recovering calls made on its sharesfrom shareholdersits sole objects are miningApplying for registration (Sec. 117 (1) & (2) Corporation Act 2001)Application lodging1.To register company owner must lodge application with ASIC (AustralianSecurities and Investment Commission).Contents of application1.Type of company to be registered under this act.2.Company's proposed name3.Consent Members' name and address.4.Directors' family name, place and date of birth who consent in writing to become adirector.5.Company secretarys' family name, place and date of birth, who consent in writing tobecome a company secretary.6.Address of proposed registered office or principle place of business, if it is not theaddress of proposed registered office.7.Number & class of shares, that each member have agreed in writing to take up.8.Amount agreed by each members in writing to pay for each share.9.Wheter or not, while registration company will have an ultimate holding company1.name of the ultimate holding company2.if ultimate holding firm is registered in Australia, then its ABN, ACN or ARBN.3.If it is not registered in Australia, then place of its incorporation.10.State or territory in jurisdiction in which company to be registered.1
BuS200 Business Management Assignment_3

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