Question
Mr Down, Ms Out and Mr Dirty contact their accountants, Fees Ruthless, to make an appointment to establish their new company (No Carbon Emissions Pty
Mr Down, Ms Out and Mr Dirty contact their accountants, Fees Ruthless, to make an appointment to establish their new company (No Carbon Emissions Pty Ltd). You advise them not to bother with their own constitution, but instead to rely on the replaceable rules in the Corporations Act. Mr Down, Ms Out and Mr Dirty advise you of their circumstances as follows. Mr Down states that he does not want to be appointed a director or secretary. He suggests instead that his family company be appointed as a director; and the new company not have a company secretary. Ms Out notifies you that she is currently unavailable for meetings as she has five months still to serve for her last conviction for falsifying company accounts. Mr Dirty is 72 years old and has Alzheimers disease. Mr Dirty's son handles his father's financial and health affairs. In light of the above facts, who should be appointed as directors of No Carbon Emissions Pty Ltd:
a. | Ms Out and Mr Dirty should be appointed | |
b. | Neither Mr Down's family company, nor Ms Out, nor Mr Dirty should be appointed directors | |
c. | Mr Down'sfamily company should be appointed | |
d. | Mr Down's family company, Ms Out and Mr Dirty should all be appointed directors of No Carbon Emissions Pty Ltd to ensure equal control is maintained | |
e. | Mr Down, Ms Out and Mr Dirty should be appointed as you need a minimum of 3 directors for the new company |
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