King’s Own Institute –

King’s Own Institute
BUSZOO – Law of Business Organisations
Assessment 2
Transaction Assignment: 30%
Length: 2000 i word response
Due Date: Week 10 – Friday 25th September, 2015 (5.00 pm)
Submission: Hard copy submission to your Lecturer/Tutor
Part 1 15%
Register a Proprietary Limited Company. You should refer to Section 117 of the
Corporations Act, complete an application form and prepare all relevant consents.
You must have a share register for each class of shares – refer to section 169.
Prepare a constitution; see Section 134 & 135 so that your company’s internal management is
governed by a combination of replaceable rules ( NB DO NOT REPRODUCE THE
REPLACEABLE RULES IN YOUR ASSIGNEMENT) and a constitution. The constitution
should make a provision for a class of preference shares -refer to section 254A (2) of the
Corp. Act
PART 2 15%
Explain the reason and justification for the following sections of the
Corporations Act :- Section 254M (1); Section 124; and Section 232.
Your explanation of each of the section carries 5 marks – total 15
WORD LIMIT – 200 words per explain.

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