Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In clause 6 of its constitution PCW Pty Ltd, a company formed under the Corporations Act, requires 90% of members voting at a meeting to

In clause 6 of its constitution PCW Pty Ltd, a company formed under the Corporations Act, requires 90% of members voting at a meeting to vote in favour of any resolution to alter its constitution, before it will be altered. It can be stated in relation to this that:

a.

Such a requirement will not be valid as it conflicts with the express provisions of the Corporations Act in relation to alteration of the constitution of a company

b.

Such a provision will be of no effect as the Corporations Act requirement is for a 75% vote only

c.

If the company wished to alter its constitution it would have to comply with the provision

d.

None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate accounting

Authors: J. David Spiceland, James Sepe, Mark Nelson

7th edition

978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094

More Books

Students also viewed these Accounting questions