Ask a question from expert

Ask now

Law - Corporation Act 2001

4 Pages604 Words219 Views
   

University of Cambridge

   

Law (M100)

   

Added on  2020-03-04

About This Document

In this document, we will discuss the application under section 206G of the Corporations Act 2001 which was made by Mr.Schwartz to grant leave to manage the proprietary company. This company was registered under the Act and named Babybelle Pty Ltd. Application made by Mr.Schwartzalso applied for the leave to appoint as director of the Babybelle. However, it must be noted that the application was not made as per the terms of the issue.

Law - Corporation Act 2001

   

University of Cambridge

   

Law (M100)

   Added on 2020-03-04

BookmarkShareRelated Documents
Running Head: Law 1Law
Law - Corporation Act 2001_1
Law2Facts of the case:Application under section 206G of the Corporations Act 2001 was made by Mr. Schwartz on 7 August 2007, for the purpose of granting leave to manage the proprietary company. This company was registered under the Act and named as Baby belle Pty Ltd. Application made by Mr. Schwartz also applied for the leave to appoint as director of the Baby belle. However, it mustbe noted that application was not made as per the terms of the issue.Legal issues:The main issue related to this case is whether it is possible to give leave to Schwartz under Section 206G of the Corporation Act 2001, for the purpose of managing the specific corporation named as Baby belle? It must be noted that, Mr. Schwartz wants leave for appointing in Baby belle as director, but application made by them was not made as per the terms of the issue. Issue involved in this case was complicated in nature because it involves charges of early prosecution related to Mr. Schwartz. Law:Legal rules related to this case are stated in the Corporation Act 2001. Case mainly involves rules stated below:Section 206G (1) of the Corporation Act 2001 states that, in case any was person disqualified for managing the operations of the Company, then such person has right to apply to the Court for granting leave to manage a corporation, specific types of corporation, or any particular corporation if ASIC does not disqualify such person. Mr.
Law - Corporation Act 2001_2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
BLO5540 - Business & Company Law - Case Study
|6
|819
|53

In the Matter of Babybelle Pty Ltd (ACN 116 052 683) [2007] FCA 1 Business and Company Law Name of the Student Name of the University Author
|6
|1012
|116

BLO5540 - Business and Company Law Report
|5
|800
|48

Business and Corporate Law (doc)
|9
|2449
|78

Corporations Law- Assignment (Solved)
|9
|2293
|16

Business Law Case Analysis
|10
|2488
|358