LAW2001: Corporate Law Assignment
Added on 2020-04-21
14 Pages2870 Words102 Views
Running head: CORPORATE LAWCorporate LawName of the StudentName of the UniversityAuthor Note
1CORPORATE LAWTable of ContentsCASE STUDY 1..............................................................................................................................3Issue.............................................................................................................................................3Rules............................................................................................................................................3Application..................................................................................................................................4Conclusion...................................................................................................................................5CASE STUDY 2..............................................................................................................................5Issue.............................................................................................................................................5Rules............................................................................................................................................5Application..................................................................................................................................7Conclusion...................................................................................................................................7CASE STUDY 3..............................................................................................................................8Scenario A...................................................................................................................................8Issue.............................................................................................................................................8Rules............................................................................................................................................8Application................................................................................................................................10Conclusion.................................................................................................................................10Scenario B......................................................................................................................................11Issue...........................................................................................................................................11Rules..........................................................................................................................................11
2CORPORATE LAWApplication................................................................................................................................11Conclusion.................................................................................................................................12Reference.......................................................................................................................................13
3CORPORATE LAWCASE STUDY 1 Issue According to the case study, the issue has found whether the directors of Uninest havebreached any of their general law directors as per the legislations of Corporation Act 2001(Cth)or not? RulesThe Corporation Act 2001 has defined the legislations of the duties of the directors of theorganisation where they has right to exercise their powers and discharge their duties for thecorporation with care and the diligence. According to the Section 180 of the act, describe therules where the directors must make decisions in the business where it should have accuratejudgement with good faith and a proper purpose. It should not make conflict with any personalinterest. The information about the corporation should not disclosed by the directors outside ofthe corporation. The director must exercise their powers according to the best interest of thecorporation. The section 181 has defined where the directors and other officers of organisation mustwork and exercise their contribution or duties with good faith for the best interest of thecorporation along with the proper purpose. The section 182 has described that the directors arecompletely prohibits from unethical use of their position for gaining advantage personally ornobody should not affected with the detriment to the Corporation under the general duties of thedirectors. The section 183 of Corporation Act has stated that directors are also provided todisclose any information, which are related to the organisation and help to give advantages forhis personal use and cause bad effects to the Corporation.
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