Report on Commercial and the Corporation Law
8 Pages1425 Words34 Views
Added on 2020-04-07
Report on Commercial and the Corporation Law
Added on 2020-04-07
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Running head: COMMERCIAL AND CORPORATION LAWCommercial and Corporation LawName of the StudentName of the UniversityAuthor Note
1COMMERCIAL AND CORPORATION LAWTable of ContentsQuestion 1........................................................................................................................................2Issue.............................................................................................................................................2Rules............................................................................................................................................2Application..................................................................................................................................2Conclusion...................................................................................................................................3Question 2........................................................................................................................................3Issue.............................................................................................................................................3Rules............................................................................................................................................4Application..................................................................................................................................4Conclusion...................................................................................................................................4Question 3........................................................................................................................................5Issue.............................................................................................................................................5Rules............................................................................................................................................5Application..................................................................................................................................5Conclusion...................................................................................................................................6Reference.........................................................................................................................................7
2COMMERCIAL AND CORPORATION LAWQuestion 1Issue According to the case study the fact is Galli grandchildren become angry on the board ofdirectors of GML because they both have decided of not providing dividend amount of A classshare holder in present year where they want to invest the dividend amount with the fund of thedevelopment of the organic vineyard at Robinvale. Rules The corporation act has provided the right for the shade holders where they must havetheir dividend amount as basis of the section 254W. The dividend amount is must distributedamong the shareholders who holds in A class of shares and the others share holders of thecompany has seem right of having the dividend amount (Dent 2014). Therefore as per the study it also found that the board of directors of GML also not ableto take any decisions about the distribution of dividend amount to share holder in present year.However Galli grandchildren think that as they are share holder of the company therefore theymust have the dividend amount (Dent 2014). Application Dividend amount is the basic right for the share holders who hold the shares of thecorporation as per the corporation act 2001 of Australia. The dividend amount is earned by thecorporation out of expenses and it distributed among the share holders of the company (Graetzand Warren 2016). This is the right of the share holders to claim their dividend amount. Thedistribution of dividend amount has lies for the duty of the director that they must take all the
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