Constitution – Contents

  • INTERPRETATION……………………………………………………………………………………………
  • POWERS …………………………………………………………………………………………………………
  • LIABILITY OF MEMBERS ………………………………………………………………………………….
  • SHARE CAPITAL ……………………………………………………………………………………………..
  • UNISSUED CAPITAL ………………………………………………………………………………………..
  • PREFERENCE SHARES ……………………………………………………………………………………
  • CLASSES OF SHARES……………………………………………………………………………………..
  • SHARES HELD ON TRUST ……………………………………………………………………………….
  • SHARE CERTIFICATES…………………………………………………………………………………….
  • LIEN………………………………………………………………………………………………………………..
  • SALE OF SHARES SUBJECT TO LIEN ………………………………………………………………
  • CALLS ON SHARES …………………………………………………………………………………………
  • TRANSFER OF SHARES …………………………………………………………………………………..
  • TRANSMISSION OF SHARES ……………………………………………………………………………
  • FORFEITURE OF SHARES………………………………………………………………………………..
  • ALTERATION OF CAPITAL……………………………………………………………………………….
  • GENERAL MEETINGS ………………………………………………………………………………………
  • GENERAL MEETING PROCEDURE ……………………………………………………………………
  • CHAIRMAN………………………………………………………………………………………………………
  • VOTING RIGHTS AND POLL……………………………………………………………………………..
  • CASTING VOTE ……………………………………………………………………………………………….
  • PROXIES AND POWERS OF ATTORNEY……………………………………………………………
  • RESTRICTIONS ON VOTING……………………………………………………………………………..
  • NUMBER OF DIRECTORS…………………………………………………………………………………
  • RETIREMENT OF DIRECTORS ………………………………………………………………………….
  • APPOINTMENT AND REMOVAL OF DIRECTORS ……………………………………………….
  • REMUNERATION OF DIRECTORS …………………………………………………………………….
  • VACATION OF OFFICE OF DIRECTOR ………………………………………………………………
  • OFFICES OF PROFIT IN COMPANY …………………………………………………………………..
  • POWERS AND DUTIES OF DIRECTORS…………………………………………………………….
  • DIRECTORS’ MEETINGS…………………………………………………………………………………..
  • ALTERNATE DIRECTORS…………………………………………………………………………………
  • CHAIRMAN OF DIRECTORS……………………………………………………………………………..
  • DELEGATION OF COMMITTEE DIRECTORS………………………………………………………
  • MANAGING DIRECTOR…………………………………………………………………………………….
  • ASSOCIATE DIRECTORS …………………………………………………………………………………
  • COMPANY SECRETARY …………………………………………………………………………………..
  • EXECUTION OF DOCUMENTATION …………………………………………………………………..
  • INSPECTION OF RECORDS………………………………………………………………………………
  • DIVIDENDS AND RESERVES…………………………………………………………………………….
  • CAPITALISATION OF PROFITS …………………………………………………………………………
  • NOTICES …………………………………………………………………………………………………………
  • WINDING UP ……………………………………………………………………………………………………
  • DIRECTORS’ INDEMNITIES, INSURANCE & ACCESS …………………………………………

A proforma Constitution is available from any lawyer or shelf-company provider, and may also be found by searching the internet although in such case the currency and legal validity of such document may have to be checked.

*Originally written by Company Secretary, an Australian virtual company secretary service.

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