logo

ACC204 Commercial and Corporation Law

7 Pages1540 Words189 Views
   

ACC204 Impairment accounting assignment (ACC204)

   

Added on  2019-11-14

ACC204 Commercial and Corporation Law

   

ACC204 Impairment accounting assignment (ACC204)

   Added on 2019-11-14

ShareRelated Documents
Running head: COMMERCIAL AND CORPORATION LAWCommercial and Corporation LawName of the StudentName of the UniversityAuthor Note
ACC204 Commercial and Corporation Law_1
1COMMERCIAL AND CORPORATION LAWTable of ContentsQuestion 1........................................................................................................................................1Question 2........................................................................................................................................3Question 3........................................................................................................................................3Reference.........................................................................................................................................5
ACC204 Commercial and Corporation Law_2
2COMMERCIAL AND CORPORATION LAWQuestion 1As per the case facts it has been found that Mario and his siblings are getting angry aboutthe discontent that Jason has been stirring up among the Galli grandchildren, sum of whome theysee as lazy and undeserving and the board of directors has decided not to provide the dividendamount of A class of shareholders in this year where they want to invest the dividend amountwith the fund of the development of the organic vineyard at Robinvale (Graetz and Warren2016). According to the section 254W of Corporation Act 2001(Legislation.gov.au, 2017)legislates the provisions for providing the rights of the shareholders of the dividend amountwhich stated various information about the company shares in A class of shareholders accordingto their eligibility of having dividend rate among with the others shareholders of the company.Therefore as per the case facts the board of GML has not able to make any decisions about thepayment of dividend amount to the A class shareholders in this where the Galli grandchildrenhas demanded their dividend amount from the company share (Alstadsæter, Jacob and Michaely2017). The Corporation Act of Australia has provided search legislations for the shares and theshareholders where they can demand for the rights for having the dividend payment. The personwho is the part of the company and holds the position of shareholders and where the companyowns the amount as the out of expenses those will be the dividend amount (Graetz and Warren2016). Therefore it also provide the duty to the directors that they must take the immediate andinitiative steps for provide the payment of the dividend amount which has been on by thecompany out of expenses and must distributed equally to every shareholders of the company(Alstadsæter, Jacob and Michaely 2017). The Corporation Act also stated the legislations fair the
ACC204 Commercial and Corporation Law_3

End of preview

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

Related Documents
The Corporation Act 2001 of Australia
|7
|1557
|39

Report on Commercial and the Corporation Law
|8
|1425
|34

Case Study on Commercial and Corporation Law
|8
|1739
|78

Marketing Research Essentials : Assignment
|9
|2073
|41

Assignment on Corporations Law
|7
|1602
|70

The Corporate Veil in the Corona
|13
|3069
|342