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Commercial Applications of Company Law | Assignment

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Added on  2020-02-18

Commercial Applications of Company Law | Assignment

   Added on 2020-02-18

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Subject: commercial applications of company Law Assignment1 | Page
Commercial Applications of Company Law | Assignment_1
ContentsPART 1: Company Registration:.....................................................................................................3PART 2:...........................................................................................................................................4a)Research and Explain the phrase "DIRECTING MIND and WILL"...................................4(b) Research and Explain the phrase "PIERCING THE CORPORATE VEIL".........................5References........................................................................................................................................62 | Page
Commercial Applications of Company Law | Assignment_2
PART 1: Company Registration:As far as the decision of registering a new public company in Australia under the NB Form 201and Sections 117(1) and 117(2) is concerned, the individual will register a media company aweb-portal that would focus on travel and food across the state. It would recruit a limited numberof journalist such as 25 in the number who would be trained to handle the portal and admin at thesame time so that the stories could be written, edited and uploaded in a proper way. According tothe norms, a company could properly register only if it has a share capital and ensures that itssole purpose is to news making and informing (Barker, 2007).The company will have to register its name, for example here the portal or online companywould be registered under the name of www. Nomadictummytrail.com and thus will finallyoperate under the ACN, or Australian Company Number that is given once the registrationnumber is generated (Mann, 2013). Section-117 of the Companies Act, 2013, includes a specificcopy of every resolution or the agreement, where it is stated that specific issues are distributed inthe subsection. Under section 117 resolutions and agreement is to be filed in a proper way. This shall include;i.A proper copy of the resolution of the agreement in relation to the matters in thesubsectionii.Includes explanatory statement under the sectionThus, the company has been registered under this head with a special approach and planning. Itis expected that revenue shall be generated in a defined way; however, the turnover has beenplanned by identifying three years from the date of registration. Formation of a company isincomplete without setting a focussed target and plan for business growth and expansion. Hencethe website portal shall involve journalists and encourage them to submit stories on a regularbasis so that the portal is noticeable on the Google and other search engines (Latimer, 2012). 3 | Page
Commercial Applications of Company Law | Assignment_3

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