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Pty Ltd Company Constitution.  A‘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.

Pty Ltd Company Constitution

 

Pty Ltd Company Constitution.  A‘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.  This Pty Ltd Company Constitution  Template 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

This Proprietary Limited Company Constitution for this Company needs to be retained with the Company Records.  This download includes:-

This Constitution.

  • 1      Definitions.
  • 2      Interpretation.
  • 3      Adopting this Constitution.
  • 4      Legal Capacity.
  • 5      Amending the Constitution.
  • Structure of Company.
  • 6      Name of the company.
  • 7      Proprietary Company.
  •      Directors, Number and Appointment
  • 8.1       Appointment and Role.
  • 8.2       Delegation.
  • 8.3       Number of Members.
  • 8.4       Death or Incapacity of Director
  • 8.5       Subsequent Directors.
  • 8.6       Tenure.
  • 9      Disqualification of Directors.
  • 10        Vacancies.
  • 11        Removal from Office.
  • 12        Cessation and Resignation of Office.
  • Directors Role, Power and Entitlements.
  • 13        Directors Powers.
  • 13.1     Exercise of Powers.
  • 13.2     Negotiable Instruments.
  • 13.3     Directors Employment
  • 13.4     Remuneration of Directors.
  • 13.5     Remuneration of Directors for Extra Services.
  • 14        Declaring Conflicts of Interest
  • 15        Alternate Director
  • 16        Attorneys of Directors.
  • 17        Committee of Directors.
  • 18        Managing Director
  • 19        Governing Director
  • 20        Secretary.
  • Meetings of Directors.
  • 21        Calling and Notification of Meetings.
  • 22        Quorum and Chairperson.
  • 23        Proceedings.
  • 24        Use of technology.
  • 25        Written Resolutions.
  • 26        Minutes.
  • 27        Meetings of Committee of Directors.
  • 28        Validity.
  • Meetings of Members.
  • 29        Calling and Notification of Meetings.
  • 30        Quorum..
  • 31        Chairperson.
  • 32        Chairpersons Proceedings.
  • 33        Proxies.
  • 34        Minutes.
  • 35        Single Member Company.
  • Members and Shares.
  • 36        Number of Members.
  • 37        Issuing Shares.
  • 38        Classes of Shares.
  • 39        Class “ORD” “ORD1”,”A”, “B”, “C” and “D”.
  • 40        Class “E”.
  • 41        Class “F”.
  • 42        Class “G”.
  • 43        Class “H”.
  • 44        Class “I”.
  • 45        Class “J”.
  • 46        Redeemable Preference Shares.
  • 47        Offering to Sell Shares Publicly.
  • 48        Limit on Number of Shares Issued.
  • 49        Issue Price.
  • 50        Share Certificate.
  • 51        Recognition of Interests in Shares.
  • 51.1     Recognition.
  • 51.2     Registered Holder to be Treated as Absolute Owner
  • 51.3     Joint Holders of Shares.
  • 52        Increasing and Reducing Capital
  • 53        Variation of Rights.
  • 54        Partly Paid Shares.
  • 55        Transfer of Shares.
  • 56        Pre-emption for Existing Members on Transfer to Shares.
  • 57        Ownership on Death or Bankruptcy.
  • General Meetings.
  • 58        Annual General Meeting.
  • Calls and forfeiture of Shares.
  • 59        Calls and their Notification.
  • 59.1     Notice.
  • 59.2     Non Payment of a Call
  • 59.3     Action to recover called money.
  • 59.4     Disposal of Forfeited Share.
  • 59.5     Cessation of Membership and Liability.
  • 59.6     Forfeiture of Shares.
  • Profits and Dividends.
  • 60        Profit Reserves.
  • 61        Dividends.
  • 61.1     Terms of Issue.
  • 61.2     Payment
  • 62        Interim Dividends.
  • 63        Right of set off and Method of Payment
  • 64        Capitalisation of Profits.
  • Company Administration.
  • 65        Notices.
  • 66        Company Seal
  • 67        Witnessing documents without the seal
  • 68        Accounting and Other Records.
  • 69        Auditor
  • 70        Winding Up.
  • 71        Rights of Members on Winding Up.
  • 72        Division of Assets.
  • 73        Loans.
  • Indemnities and Miscellaneous.
  • 74        Indemnities and Lien.
  • 75        Indemnity.
  • 76        Payment of Costs.
  • 77        Limit of Indemnity.
  • 78        Contract of Insurance
  • 79        Confidentiality.

 

 

 48 pages long.

 

 

 
 
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Author:  Eric Kalde
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