Part 1:
Register a Proprietary Limited Company. You should refer to Section 117 of the Corporations Act, complete an application form and prepare all relevant consents.
You must have a share register for each class of shares - refer to section 169.
Prepare a constitution; see Section 134 & 135 so that your company's internal management is governed by a combination of replaceable rules ( NB DO NOT REPRODUCE THE REPLACEABLE RULES IN YOUR ASSIGNEMENT) and a constitution. The constitution should make a provision for a class of preference shares -refer to section 254A (2) of the Corp. Act
PART 2:
Explain the reason and justification for the following sections of the Corporations Act :- Section 254M (1); Section 124; and Section 232. Your explanation of each of the section carries 5 marks - total 15% WORD LIMIT - 200 words per explain.