Limitations on the powers of the company Report 2022

For this assignment to register the company and fill the form. And have to explain depend on the question.

Purpose
 This document is the official constitution for Debi NL Ltd
Governance
 The corporate governance structure to be used by the company will be following the ASX
Good governance principles of 2018 edition
Rule
 The company is to be governed by the provisions of the replaceable rules as stated under
section 135 of the Corporations Act 2001 (To be referred as CA hence forth in this
document).
 The clauses of this constitution will have the effect of superseding any of the replaceable
rules in the CA. this means that the rules will only be applicable under the areas where the
company is silent
Shares
All organizations register in Australia have the right to issue shares under the provisions of the CA on
this situation also the company will have the right to issue share
The shares which have been selected to be issued by the organization are as follows
1. the company will be issuing general or ordinary shares for its shareholders. This shares will
be categorised as class A shares and will be provided with ordinary dividends and voting
rights
2. the company will be issuing preference shares for its shareholders. This shares will be
categorised as class B shares and will be provided with preference dividends and voting
rights as existing under s254 of the CA
Limitations on the powers of the company
 The powers and activities of Debi NL Ltd will be limited to only activities which involve gold
mining and any activity which is done in relation to the company apart from this would be
void. The rule will still be subjected to the provisions of section 125 of the CA. The company
has the right to directly sue an executive who has acted in breach of this authority.
Amendments
The company constitution is only to be amended if the above rules have been complied with as
required by section 136 of the CA
Registration
The company has been registered duly after complying with the provisions of section 117 and 112 of
the CA