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Company Constitution Upgrades Is your Company Constitution in need of an upgrade? Are your Memorandum and Articles of Association now out of date? A Company Constitution is a legal document that outlines what a company can do and cannot do. Changes to Company Constitutions have resulted from both the Company Law Review Act 1998 and the Corporations Act 2001, requiring companies registered prior to these dates to update their Company Constitution to current legislation. The best way to convert a company, registered prior to July 1998 is to adopt a new Company Constitution. The law allows three options regarding the rules governing Australian registered companies:
Company law changes over time have made it simpler and easier to administer a Proprietary Limited ('Pty Ltd') company. However, if you haven’t updated your Company Constitution you still have to abide by it and if certain things need to be done, then they have to be done - even if the law itself no longer requires them to be done. Upgrading your Company Constitution will help make it easier to administer. Company Constitution - regularly reviewed by top 20 law firm, Hunt & Hunt Shelco’s Company Constitution's are provided by Reckon Docs which are prepared by Hunt & Hunt, ranked in the top 20 law firms in Australia. Reckon Docs Company Constitution's are up-to-date, compliant and include Division 7A Loan Agreement provisions. When you order a Company Constitution upgrade, you will receive:
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For more information on Company Constitution upgrades, please contact Reckon Docs corporate services team on 1300 139 001 or e-mail to: corporateservices@reckon.com.au. |
