Question: New Busyness Pty Ltd was incorporated with a constitution that provided that Michael, the company solicitor, would be the only solicitor Used by the company.

New Busyness Pty Ltd was incorporated with a constitution that provided that Michael, the company solicitor, would be the only solicitor Used by the company. The three directors and members of the company now wish to change this provision but are concerned that Michael may contest the change. Explain the provision under the Corporations Act 2001 (Cth) that would prevent Michael from successfully contesting this change.

Step by Step Solution

★★★★★

3.40 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

According To Corporations Act 2001 A company does not need to have a separate constitution of its own it can simply take advantage of the rules in the ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

A line AB of length 85 mm is inclined 45 degrees to the horizontal plane and 60 degrees with the vertical plane. Calculate the length of the projection in front view on vertical plane. a) 42.5 mm b)...

A). Define insolvency under the Corporations Act 2001 (Cth). B). Explain why directors may want to place their company into voluntary administration. C). Outline the procedure once a company enters...

Francine Limited was incorporated with a share capital consisting of 100,000 common shares. In January 2011, it issued 20,000 mandatorily convertible preferred shares. The terms of the prospectus for...

The directors of Synergy Pty Ltd (Synergy) have provided its external audit firm with an oral representation confirming that the bank overdraft balances included within current liabilities are...

Hi there, I have a presentation needed to be done next week. Company Law course. there is an article to read and summarize so I can present in 4 to 5 minutes. Could anyone help me to do this before...

Part A Sam, Adrian and Michael call to make an appointment with your firm, Fees Ruthless, Accountants.You have been asked to establish their new company (No-Tax Agents Pty Ltd).You advise them not to...

CASE Study Assignment BAPCY5A 2021 November recommend that we produce a minimum of 1 000 units of each product during the forthcoming quarter. This would, at least, keep the company's products in the...

This section will require you to CHOOSE ONE question to answer from a selection of 4 questions which require an extended response from you. ? You may be asked to choose from questions regarding any...

For the exclusive use of A. Bennis, 2015. MH0005 0 0 7 7645065 Fra nk T. R othaermel M ichael Jano vec InterfaceRAISE (in 2010): Raising the Bar in Sustainability Consulting MR. JIM HARTZFELD walked...

TRUE/FALSE QUESTIONS 1. Every public company must have Ltd or Limited at the end of its name. 2. The concept of limited liability applies to associations created under the various states Associations...

Write the following trigonometric functions in phase-amplitude form: (a) Sin3x, (b) Cosx - sinx (c) 3cos2x + 4sin2x (d) Cosxsinx

Lynch Brothers manufactures conveyor belts. Early in January 2015, Lynch Brothers constructed its own building at a materials, labour, and overhead cost of $ 900,000. Lynch Brothers also paid for...

How is performance measured in HCOs? How effective are these measurements?

Resithan, and 143 find relief from their depression. A random sample of 537 depressed individuals is independently selected from the first sample and treated with Exemor, and 212 find relief from...

Kho Inc. purchased 90% of the voting shares of Lan Inc. for $600,000 on January 1, 2019. On that date, Lan's common shares and retained earnings were valued at $200,000 and $250,000 respectively....

On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts was $1,400. On January 15, 2013 a $400 uncollectible account was written-off....

For 14 points, match each of these reactions with their types. (SR) Single Replacement; (DR) Double Replacement; (DC) Decomposition; (CM) Combination; (X) Combustion. 2Nl3(s) N(g) + 312(g) MgCl(aq)...

A freelancer platform is best classified under: 2 points A) C2C B) C2B C) B2G D) B2C

Mr Barry & Mrs Luke operate a roofing company which manufactures roofs for the commercial market in Darwin. The company is No.1 in Roofs Pty Ltd. Mr Barry is director of the company and Mrs Luke...

Question 4 The timeline for the release of Fishy Story Ltd's 30 June 2020 financial statements is as follows: 30 July 2020:Financial statements approved and signed by the directors and the auditors'...

Phillip, Mark, Mary, Judith and Florence are the directors of the Do Pty Ltd. They own a block of vacant land in the city. The block of land has been on the market for some time it's a buyer and it...

New Developments Pty Ltd (New Developments) is a property investment and development company. Recently, New Developments purchased an old warehouse which it is converting into apartments for sale....

Prepare the journal entry for the following transaction. A summary of the transactions entered into by the company in FY 2020 are as follows: Transaction During the year Platinum Pty Lad incurred...