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.