Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 246F

Company must lodge documents and resolutions with ASIC

 
 
(1)
A company must lodge with ASIC a notice in the
prescribed form setting out particulars of any of the following: 
 
 
(a)
a division of shares in the
company into classes if the shares were not previously so divided

(b)
a conversion of shares in a class of shares in the company into
shares in another class. 

 
 
(2)
The notice must be lodged within 14 days
after the division or conversion.


(3)
A public company must lodge with ASIC a copy of each document
(including an agreement or consent) or resolution that: 
 
 
 
(a)
does any of the following:


 

(i)
attaches rights to issued or unissued shares

(ii)
varies or cancels rights attaching to issued or unissued
shares

(iii)
varies or cancels rights of members in a class of members of a
company that does not have a share capital

(iv)
binds a class of members; and 

 
 
(b)
is not already
lodged with ASIC. 

 
This also applies to a proprietary company that has applied
under Part 2B.7 to change to a public company, while its application has not
yet been determined.
 
 
(4)
The document must be
lodged within 14 days after it is made. The resolution must be lodged within
14 days after it is passed.