Registration of No Liability Company under Corporations Act 2001

Law of Business Organisation
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Table of Contents
Part A.........................................................................................................................................3
Part B..........................................................................................................................................5
References..................................................................................................................................7
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Part A
The Corporations Act 2001 considers it as obligatory in order to register a company in
Australia that the application for registration is filed. Section 117 of the Corporations Act
2001 requires a person to lodge an application with Australian Securities & Investments
Commission (ASIC). The process of registration of the company is based on the type of
company. According to Section 112 (1) of the Act, No liability company can be registered
under ASIC. Under Section 112 (2) of the Act, a company can be registered as a No liability
company, if it has a share capital, its one and only objects are the mining purposes and its
constitution allows no contractual right for the recovery of calls regarding its shares from the
shareholders failing to pay them.
At the time of applying for registration, according to Section 117 (2), the contents of the
application must state following points;
 Type of company to be registered
 Proposed name for company
 Name and address of each and every individual who show their consent to become a
member
 Details of individuals who show their consent in writing to become a director, which
include their family names, date of birth and place of birth
 Details of individuals who show their consent in writing to become a company’s
secretary, which include their family names, date of birth and place of birth
 Address of each and every person who provide their consents in writing to become
company’s secretary and director
 Address of proposed registered office of the company
 Proposed opening hours of the registered office for public company in case of no
standard opening hours
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