corporations act project part 1 15 marksregister a no liability company note sect

PART 1 = 15 MARKS
Register a no liability company — note section 117(1) and (2) and form 201 —
Do not forget the various consents.
The company’s internal management rules must be the replaceable rules — note sections 134 and 135 but the company must also have a constitution which complies with section 112(1) and (2) ( nl co.)
The constitution must also create a class redeemable preference shares —
Note sections 254a(2) and (3)
Part 2 = 15 marks
Word limit 400 words
Research the maintenance of capital doctrine – you must research the history of the doctrine ( support your research with case analysis)
Explain the benefits of the doctrine and finally research and explain the exceptions to the doctrine. Note sections 256b, 257b, 260a and 259a
Research requirements: students need to support their analysis from the text and the corporations act.

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