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Constitution of a Public Company


A Public Company Constitution Agreement differs from a proprietary Limited Company by being able to have more than 50 shareholders. They are used where the Company is to be listed on the Australian Stock Exchange. The number of Directors must be a minimum of three (3), and must have a Secretary. The Constitution for this Company allows the company to be floated on the ASX but is not required.

41 pages long.

Constitution is a formal document that sets out the rules governing a company. It also defines the relationship between the company, shareholders, director and other officers of the company. … Before the Companies Act 2014, Private Limited Companies had “Memorandum and Articles of Association.

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