Pty Ltd Company Constitution – Establish a Clear Corporate Governance Framework
Crafted by legal professionals in Australia, our documents are not only legally sound but also easily customisable to suit your specific requirements. With each purchase, receive a free legal drafting booklet to guide you through the editing process seamlessly.
Pty Ltd Company Constitution
‘Proprietary’ means ‘private’, and is the most popular for small businesses, to hold investments and to act as a trustee for private trusts. The ‘Pty Ltd’ stands for ‘Proprietary Limited’, and is the most common form of company. Provides for:
- A single Director and single Secretary, or
- Board of Directors with a Secretary;
- Shareholders holding one Class of share;
- Limited Liability
The Constitution for this Company needs to be retained with the Company Records.
A well-drafted Pty Ltd Company Constitution provides a structured framework for governing proprietary limited companies, ensuring clarity in shareholder rights, director responsibilities, and corporate operations. This document is essential for legal practitioners, business owners, and financial professionals who need to define clear internal rules while maintaining compliance with corporate regulations.
COMPREHENSIVE COVERAGE
Ensuring you have everything you need in one place.
FREE WITH EVERY PURCHASE
Our legal drafting booklet to guide you through the necessary steps in editing your documents.
EASY CUSTOMISATION
Each document is designed to be easily editable, allowing you to tailor the agreements to your specific needs without hassle.
LEGALLY SOUND
All our documents are crafted by legal professionals and adhere to Australian legal standards, giving you confidence in their validity.
SUITABILITY
AUSTRALIA
Why Legal Practitioners and Business Owners Need a Pty Ltd Company Constitution
A Pty Ltd Company Constitution is essential for setting out the governing rules of a proprietary limited company. It ensures clarity on shareholder rights, director responsibilities, and corporate governance. This document helps structure business operations, mitigate risks, and comply with corporate regulations.
Key Benefits of a Pty Ltd Company Constitution:
-
Clearly defines company structure and governance to ensure smooth operations.
-
Outlines shareholder rights and obligations to prevent disputes.
-
Sets clear rules for appointing and removing directors.
-
Ensures compliance with corporate laws and ASIC regulations.
-
Provides a framework for decision-making and dispute resolution.
Download the Template
Gain instant access to our professionally crafted template.
Fill in the Details
Complete your legal template with your specific details.
Review and Customise
Easily enter your details into the template, save your progress, and make edits whenever needed to ensure it perfectly fits your situation.
Pty Ltd Company Constitution
The constitution is a contract between:
- the company and each member
- the company and each director
- the company and the company secretary, and
- a member and each other member.
A company can adopt a constitution before or after registration. If it is adopted before registration, each member must agree (in writing) to the terms of the constitution. If a constitution is adopted after registration, the company must pass a special resolution to adopt the constitution.
A company can change or repeal its constitution by passing a special resolution. A special resolution needs at least 28 days notice for publicly listed companies and 21 days notice for other company types. For the resolution to pass, at least 75% of the votes cast must be in favour.
Which companies need a constitution?
The following companies must be governed by a constitution:
- ‘No Liability’ public companies
- ‘special purpose companies’ that want a reduced annual review fee.
A proprietary company (that is a special purpose company) must have a constitution. It doesn’t need to be lodged with us, but a copy must be kept with the company’s records.
Proprietary’ means ‘private’, and is the most popular for small businesses, to hold investments and to act as a trustee for private trusts. The ‘Pty Ltd’ stands for ‘Proprietary Limited’, and is the most common form of company.
Provides for:
1. A single Director and single Secretary, or
2. Board of Directors with a Secretary;
3. Shareholders holding one Class of share;
4. Limited Liability
The Constitution for this Company needs to be retained with the Company Records.
Fully formatted in Microsoft word, ready to download edit and use.
Approximatley 48 pages long and includes gst
Includes Free Legal Drafting Booklet
WE NOW INCLUDE FREE :-
- A TRANSFER OF SHARES DOCUMENT VALUED AT $20.00
- SALE OF SHARES CHECKLIST
PREVIEW SAMPLE
ABOUT US
Established since 2015, Precedents Online leads the industry with a diverse collection of over 300 legal templates. Our legal documents, meticulously crafted by practicing Solicitors and renowned legal authors, provide you with the precise solutions you seek. Step into a world where legal paperwork is made easy .
Precedents Online, helping you draft like a pro! Receive a free handbook with any purchase of our customisable legal document templates. Start drafting with confidence using our expertly crafted precedents with our bonus guidebook.
CHOOSE YOUR TEMPLATE
Download Now!
- Legal Template
- Legal Drafting Handbook
Document Review
- Click here for a quote from our independent law firm to discuss your requirements after template purchase.