Purpose. This document forms the constitution of ABC Lt

ASSESMENT 2 WEIGHT- 30% Register a NO LIABILITY COMPANY. The Internal Management of the company must be governed by a combination of REPLACEABLE RULES and a CONSTITUTION. The company must have 2 classes of shares - ORDINARY SHARES and PREFERENCE SHARES. The company's powers must be restricted to GOLD MINING ONLY. The following sections of the CORPORATIONS ACT need to read, understood and complied with in order to complete the assignment - Sections 117(1) (2); 112(1) (2); 134;135;136; 168; 169; 147; 254A(2); 201A; 204A(2).

Purpose
 This document forms the constitution of ABC Ltd.
Governance
 The company can use the structure of the corporate governance by following the Good
governance principles of the ASX relevant for the 2018 edition.
Rule
 Section 135 of the Corporations Act 2001, hereinafter referred to as CA in this document
govern the company.
 The clauses present in this constitution can supersede any replaceable rules present in the
CA which means that the rules will be applied in the situations or incidents where the
company has not supplied any provision.
Shares
Any organization registered in Australia possesses the right of issuing shares as per the provisions of
the CA. hence on this condition the company also will possess the right to issue shares.
The shares selected by the organization to issue are:
1. A company can issue ordinary shares as well as general shares for its share holders. These
shares will be denoted as class A shares and will be given ordinary dividends together with
voting rights.
2. The company will also issue preference shares for its share holders. Such shares will be
denoted as class-B shares and will be given preference dividends and voting rights as given in
section 254 of the CA.
Limitations on the company’s power
 The activities as well as activities of ABC Ltd is limited to only those activities that involve
gold mining and any other kind of activities other than this will be termed as void. Such rule
will be subjected to the section 125 provisions contained in CA. The company even has the
right to sue an executive if he has breached this authority.
Amendments
The constitution of the company can be amended only when the above mentioned rules are
complied with as given u/s 136 of the CA
Registration
The registration of the company is done duly in compliance with sections 117 and 112 of the CA.