Assignment on legislation corporation act 2001. The major legal issues, the relevant law relied on by the judge(s) in making their decision are discuss here.

Legislation Corporation Act 2001 Assignment

Corporate Law

This case discusses the mobilization of surplus funds of Melbourne Co-Operative Book Shop Limited (in Liq) [2015] VSC 69 (6 March 2015) through donation to a university for scholarships. The court relied on Section 488 of the Corporations Act, 2001 and regulation 5.6.71 of the Corporations Regulations, 2001 to exercise its discretionary power to mobilize the funds in the most justifiable way. The court ruled in favor of the application and decided to donate the funds to the designated university as a scholarship provision. The article also discusses the facts, issues, and points of law relied upon by the court.

Legislation Corporation Act 2001 Assignment