Where to the contrary is not expressly mentioned the application of the following definition has to be done in relation to this constitution.
ØDividend- Provisional and concluding dividend
ØCA- Corporation Act 2001
ØDirectors- Persons appointed and acting as directors
Ø ASIC- Australian Securities and Investment Commission
ØPresent members- Body corporate or individuals available during a meeting
Ø Constitution- This Constitution
Ø Prescribed rate- Base rate and the Charged interest by bank
ØPreference Rate- Rate for dividends of preference shares which is provided on the share certificate
ØSeal- Official and common seal of company
No meaning of the words in this constitution subjected to be altered through the use of italics if it is not stated expressly
Part 3
General provisions
The company has been registered under section 112 of the Corporations Act 2001.
The company in compliance of section 117 of the CA does not allow from public funding or having more than 50 members within its registrar.
Section 4
Share issue
The directors have been given the power through the constitution to issue shares on the behalf of the company. The powers not only include share issue but also options over share issue.
Unless otherwise restricted by law the directors have the power to issue any form of security or share on behalf of the company
Different classes of shares issued by the company
The company is going to issue class A shares during the time of incorporation. These shares will be taking the form general shares and will not be allocated with any right to vote.
Replaceable rules
The company would be governed by the replaceable rules entirely
Use this form to apply to ASIC for registration of a company under the Corporations Act 2001 (Cth) (Corporations Act).
Related Forms
208 – Notification of details of shares allotted other than for cash 207Z – Certification of compliance with stamp duty law
Signature This form must be signed by: • the applicant; or
Lodgement period
Nil – to be lodged when required.
Lodging fee A lodgement fee applies to this form.
For information on fees refer to www.asic.gov.au/forms.
Officeholder address
Officeholders’ addresses must be their usual current residential address. An alternative address may only be used where we approve an application under s205D of the Corporations Act.
Replaceable rules and constitutions The Corporations Act contains ‘replaceable rules’ which apply to all companies—except companies where the sole member is also the sole director—and may be used to govern the internal running of the company. Companies may displace some of the replaceable rules by a constitution and be governed by a combination of replaceable rules for some things and their own constitution for others. Where the proposed company is to be governed by a combination of replaceable rules and a constitution, please tick the box that says ‘The company has a constitution’.
A company with more than one member/director may adopt a constitution provided all persons who have agreed to become a member of the company agree to the terms and conditions.
If a written constitution governs the company, a copy of the constitution must also be lodged. A public company that is: • a superannuation trustee, or
Company names A name is available unless it is identical to:
If it is proposed to register a name which is identical to a registered business name(s), we must be satisfied that the proposed company is entitled to the use of the name under s147. Therefore either the owner, or someone registering the company for the owner of the business name, must be the applicant for registration and the questions regarding the business name(s) shown on the Form 201 must be completed.
The information concerning identical business names on the Form 201 may instead be given in a statement attached to the Form 201 (as an annexure) under the heading ‘Declaration Regarding Registered Business Name(s)’. Be sure to provide the same information as is required on the Form 201. The statement must be dated and signed by the applicant as being ‘true and correct’ as follows: ‘I declare that the information given in this statement is true and correct’.
Special purpose companies The different types of special purpose companies that can be established on registration are:
A company whose constitution requires it to pursue charitable purposes only and to apply its income in promoting those purposes; and prohibits the company making distributions to its members and paying fees to its directors; and requires its directors to approve all other payments the company makes to them.
Home unit company A proprietary company:
A company that acts solely as the trustee of a regulated superannuation fund within the meaning of s19 of the Superannuation Industry (Supervision) Act 1993 and whose constitution prohibits the distribution of its income or property among its members.
Definitions
Where to the contrary is not expressly mentioned the application of the following definition has to be done in relation to this constitution.
ØDividend- Provisional and concluding dividend
ØCA- Corporation Act 2001
ØDirectors- Persons appointed and acting as directors
Ø ASIC- Australian Securities and Investment Commission
ØPresent members- Body corporate or individuals available during a meeting
Ø Constitution- This Constitution
Ø Prescribed rate- Base rate and the Charged interest by bank
ØPreference Rate- Rate for dividends of preference shares which is provided on the share certificate
ØSeal- Official and common seal of company
Interpretation within the constitution
No meaning of the words in this constitution subjected to be altered through the use of italics if it is not stated expressly
General provisions
The company has been registered under section 112 of the Corporations Act 2001.
The company in compliance of section 117 of the CA does not allow from public funding or having more than 50 members within its registrar.
Share issue
The directors have been given the power through the constitution to issue shares on the behalf of the company. The powers not only include share issue but also options over share issue.
Unless otherwise restricted by law the directors have the power to issue any form of security or share on behalf of the company
The company is going to issue class A shares during the time of incorporation. These shares will be taking the form general shares and will not be allocated with any right to vote.
The company would be governed by the replaceable rules entirely
Other types of companies A no–liability company (NL) must be a public company. The Corporations Act limits the activities of a NL company to mining purposes only and obliges a NL company’s constitution to state, amongst other things, that its sole objects are mining purposes only.
A company limited by guarantee (LMGT) must be a public company. In order for a LMGT company to qualify as a ‘special purpose company’ as defined by the Corporations (Review Fees) Regulations 2003, its constitution must contain, amongst other things, provisions which limit its activities to charitable purposes only.
Shares issued other than for cash or under a written contract For public companies
If shares will be issued for other than cash, then a Form 208 Notification of details of shares allotted other than for cash, or a copy of the ‘contract’ must be lodged.
If the shares will be issued under written contract, then a Form 207Z Certification of compliance with stamp duty law must also be lodged.
For proprietary companies
If shares will be issued under written contract or issued for other than cash, a Form 207Z Certification of compliance with stamp duty law must be lodged.
How to provide additional information Photocopied Form 201 pages
If there is insufficient space in any section of the form, you may photocopy the relevant page(s) and submit as part of this lodgement.
If there is insufficient space in any section of the form, you may alternately submit annexures as part of this lodgement.
To make any annexure conform to the regulations, you must
This annexure (mark) of (number) pages referred to in form (form number and title) 7. sign and date the annexure
The annexure must be signed by the same person(s) who signed the form.
The information provided to ASIC in this form may include personal information. Please refer to our privacy policy for more information about how we handle your personal information, your rights to seek access to and correct personal information, and to complain about breaches of your privacy.
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