Proprietary Company: Constitution, Shares, and Legal Aspects

This report provides an analysis of the constitution, shares, and legal aspects of a proprietary company, specifically focusing on Sheldon Pty Ltd. It references the Corporations Act 2001, the role of the Australian Securities and Investment Commission (ASIC), and the definitions of key terms such as 'directors' and 'company'. The report details the process of registering a proprietary company, including the requirements for the company's name, registered office, and membership details. It further explains the issuance of shares, particularly preference shares, and their associated rights regarding capital repayment, dividends, voting, and surplus assets. The report highlights the importance of the company's constitution and its role in defining the operational framework. The report is provided by a student and published on Desklib, a platform offering AI-based study tools for students.

Running head: LAW OF BUSINESS ORGANISATION
Law of Business Organization
Name of the Student
Name of the University
Author Note

1LAW OF BUSINESS ORGANISATION
Table of Contents
Part 1................................................................................................................................................2
Register a Proprietary Company..................................................................................................2

2LAW OF BUSINESS ORGANISATION
Part 1
Register a Proprietary Company
Constitution
Interpretation and Definition Clause
 The company has been stated their constitution with the actual and relevant description
which is applicable in the organization and otherwise it will be applicable elsewhere.
 Act is means the Corporation Act 2001 (Cth)
 ASIC is defined as Australian Securities and Investment Commission
 Company means Sheldon Pty Ltd, A.B.N. 587 970 454 84
 The directors means the person who have been elected by the board members of the
company
 The Constitution of the company
 The official seal or common seal of the company
 The body corporate and other members of the company
 The shareholders of the company
Interpretation
The section 117 of The CA has been defined that the company has right to registered as a
proprietor company and in the application it will be consists with
 purpose of registration
 the company’s proposed name

3LAW OF BUSINESS ORGANISATION
 the address of the company's proposed registered office
 name and details those persons who will become a member of that company
 The Number and class of shares where each of the members agree with the terms in
writing to take up and the amount
 The amount will be pay for the each of the share to the shareholders
Issue of Shares
The section 254A clause 2 of CA has been stated that the organization has right to issue the
preference shares along with the repayment of the share capital, profit dividends, voting and
surplus assets.