Company Constitution Templates
Company Constitution Templates. A selection of 3 Company Constitutions in word format.
No Memberships or Subscriptions Required
Pty Ltd Company Constitution
Constitution of Public Company
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The Constitution of the Company is the legally required document that governs how the Directors are to act in running the
It includes significant detail around such topics as:-
- 1.The Structure of the Company
- 2. The Objectives of the Company (optional unless a No Liability Company – see below)
- 3. Directors Role, Power and Entitlements
- 4. How to Call and Hold Meetings for both Directors and Shareholders (also called Members)
- 5. Voting at these Meetings
- 6. Classes (or types) of Shares
- 7. Transferring Shares, Cancellation of Shares
- 8. How to treat Profits and Dividends
- 9. General administrative activities
‘Proprietary’ essentially means ‘private’, and is a common vehicle for small businesses, to hold investments and to act as a trustee for private trusts. The ‘Pty Ltd’ stands for ‘Proprietary Limited’, and is by far and away the most common form of registrable body corporate.
Essentially this consists of:-
- 1. A single Director and single Secretary (optional), or Board of Directors with a Secretary;
- 2. A Shareholder or Shareholders, all holding the one Class (or type) of share;
- 3. They are limited by Shares in terms of the Members’ (shareholders/owners) liability) (or unlimited but with a share capital).
You can elect to use your own Constitution, or in the absence of one the Company is effectively governed by a default Constitution that is an ASIC standard as set out in the Corporations Law. This is known as the Replaceable Rules. Please note you can elect to have a combination of your own Constitution and the Replaceable Rules although this is not usual. Please also note the Replaceable Rules are not applicable for a sole Director/Secretary/Shareholder Proprietary Company.
The Constitution for this Company needs to be retained with the Company Records.