Del Ketchup Limited: Constitution, Share Issue, and Replaceable Rules

This report provides an analysis of the constitution of Del Ketchup Limited. It examines key aspects such as share issues, replaceable rules, and the roles and responsibilities of the directors. The report delves into the different classes of shares, including Class A shares and preference shares, and their associated rights. The constitution also outlines the powers of the directors regarding share issuance and the application of replaceable rules. This comprehensive analysis provides insights into the company's structure and governance, highlighting the legal framework governing its operations and shareholder rights. The report also references the Corporations Act 2001, outlining that the company is registered as a proprietary company with restrictions on share issuance to the public and limitations on the number of members.

The Constitution
Del Ketchup Limited
ABN 75398147889
Corporate office:
4 Xiomi Street Vic, Queensland, 4002
Phone [phone]
Fax [phone]
Website: www.delketchup.com
Section 1
Definition
1. Unless stated otherwise the following definitions are applicable
2. Provisional and concluding dividend (dividend)
3. Corporation Act 2001 (CA)
4. Persons appointed and acting as directors (directors)
5. Australian Securities and Investment Commission (ASIC)
6. Body corporate or individuals present at the a meeting (present members)
7. This Constitution (constitution)
8. Base rate, Charged interest by bank (Prescribed rate)
9. Rate for dividends in relation to preference shares as stated on share certificate (Preference
Rate)
10. Official and common seal of company (seal)
Section 2 Interpretation

No meaning of the words in this constitution is changed through the use of italics unless stated
otherwise
Section 3 General
As per section 117 of the CA a company can be registered as a proprietary company and it must not
issue shares to public and have more than 50 members.
Section 4 Share issue
Directors have the power with respect to issuing share on behalf of the company which may include
shares along with other options over shares..
The directors have the power to issue any kind of share or security but subjected to the restrictions
provided by law.
Section 5 Different classes of shares
Class A share are going to be issued by the company during the time of incorporation. These shares will
be general shares and will not get any right to vote.
The company is going to have redeemable preference shares
The company is having class C shares as preferences shares
Section 6 Replaceable rules
The company would be governed by replaceable rules and the constitution