Case Study on Commercial and Corporation Law

8 Pages1739 Words78 Views

ACC204 Impairment accounting assignment (ACC204)

Added on 2020-02-23

Case Study on Commercial and Corporation Law

ACC204 Impairment accounting assignment (ACC204)

Added on 2020-02-23

BookmarkRelated Documents

Running head: COMMERCIAL AND CORPORATION LAWCommercial and Corporation LawName of the StudentName of the UniversityAuthor Note

Case Study on Commercial and Corporation Law_1

1COMMERCIAL AND CORPORATION LAWTable of ContentsQuestion 1........................................................................................................................................1Question 2........................................................................................................................................3Question 3........................................................................................................................................4Reference.........................................................................................................................................6

Case Study on Commercial and Corporation Law_2

2COMMERCIAL AND CORPORATION LAWQuestion 1 In the case study, the facts been found that Galli grandchildren are getting angry on theboard of directors because they have decided not to provide dividend amount of A classshareholders in this year and instead of the dividend amount they will provide with the fund ofthe development of the organic vineyards at Robinvale (Tricker & Tricker 2015). TheCorporation Act 2011, the section 254W stated the provisions where share holders have the rightto have their dividend amount (Grinblatt & Titman 2016). The dividend amount describe variousrelated fact about the company shares in A class of share holders where they will also eligible tohave the dividend right with the other share holders of the company (Knepper et al. 2016).According to the case study the board of GML do not able to make any decisions about thepayment of dividend amount to the A Class share holders in this year where the Gilligrandchildren wants their dividend payment (Legislation.gov.au, 2017). According to the Corporation Act 2011 of Australia, it establishes in the legislation of theshares and share holders’ right for having their dividend payment. Any person can be the part ofshare holders of the company where the amounts which company earn as the out of expenses(Grinblatt & Titman 2016). They pay the dividend amount to the share holders along with boardmembers of the company where the shoulders have the right to get their dividend amount(Knepper et al. 2016). As for the corporation act it is the duty of the director that they shouldtake the initiative for paying the dividend amount equally to the every share holders of thecompany along with the dividend amount (Tricker & Tricker 2015). The corporation act definesthe legislation where the partly paid shares or permanent shares are also distributed from thecompany’s earning (Legislation.gov.au, 2017). The share holders own various rights in the

Case Study on Commercial and Corporation Law_3

End of preview

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

Report on Commercial and the Corporation Law

|1425

|34

ACC204 Commercial and Corporation Law

|1540

|189

The Corporation Act 2001 of Australia

|1557

|39

Marketing Research Essentials : Assignment

|2073

|41

Law Assignment - Corporations Act 2001

|1452

|147

Corporations Law Assignment - Doc

|1629

|35

Case Study on Commercial and Corporation Law