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The Corporation Act 2001 of Australia

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Added on  2020-03-28

The Corporation Act 2001 of Australia

   Added on 2020-03-28

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Running head: CORPORATION LAWCorporation LawName of the StudentName of the UniversityAuthor Note
The Corporation Act 2001 of Australia_1
1CORPORATION LAWTable of ContentsQuestion 1........................................................................................................................................2Question 2........................................................................................................................................3Question 3........................................................................................................................................4Reference.........................................................................................................................................6
The Corporation Act 2001 of Australia_2
2CORPORATION LAWQuestion 1 Mario and his siblings are angry about the discontent that Jason has been stirring upamong the Galli grandchildren, some of whom they see as lazy and undeserving. So, the board ofGML resolves not to pay a dividend to the A Class shareholders this year and instead, to retainearnings to fund the development of the organic vineyard at Robinvale. The Corporation Act2011 section 254W stated the dividend rights of the share holders which defines the variousfacts where the company shares in A class of shares holders has the equal dividend rights withthe other shareholders of the company. However, the board of GML resolves not to pay adividend to the A Class shareholders this year (Alstadsæter, Jacob and Michaely 2017). The Corporation Act 2001 of Australia stated the acts for the shares and shareholdersright to have the dividend amounts. The company earns their dividend amount out of theexpenses from their profit which the shareholders have right to claim the amounts from theprofits. The directors of the company hold the duty to provide equal amounts of dividend capitalto all shareholder of the company (Graetz and Warren2016). Along with that they also includethe partly paid shares or permanent shares payment to the shareholders as per the legislations ofthe Corporation Act 2001 of Australia. They hold other rights too. Shareholders of the companyhave the rights to attend and participate in the meetings of the company which are published andproposed by the directors of the same company. They also hold the rights to receive annualreports of the company which has been given in the Annual General Meeting. The shareholdershave right to receive the dividend amount which has been company has earn out of the profit orextra rewards and must distribute among the shareholders (Alstadsæter, Jacob and Michaely2017).
The Corporation Act 2001 of Australia_3

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