Question
Which five (5) of the following 15 options listed from A to O below are possible under the law? The names are entirely made up.
Which five (5) of the following 15 options listed from A to O below are possible under the law?
The names are entirely made up.
Select five and only five boxes for your choices.
DO NOT CHOOSE MORE THAN 5.
A.
Forming a no liability company to operate the business of selling N-95 masks.
B.Forming a company called MQUS Pty Ltd. which will have three directors, two of whom will ordinarily reside in New Zealand.
C.
Mixed Property Pty Ltd. using all cash in a market bid to attempt to acquire control of Don't Buy Me Ltd., which has been listed on the ASX for 20 years.
D.
Forming a company called Socks Rock Ltd., which will not have any company secretary.
E.Lion Ltd. using a market bid to attempt to acquire control of Little Baby Bunny Ltd., by offering $42.50 in cash plus one share of Telstra for each share in Little White Rabbit Ltd.
F.
Modification of the constitution of a company by a resolution passed by 80% of the votes at a shareholders' special meeting.
G.
Holding a general meeting every 20 months in a proprietary company.
H.
Lily and Lee, who are the only shareholders of Petal Pty Ltd., appoint their daughters (aged 18, 19 and 21) to be directors of Petal Pty Ltd.
I.
Appointment of Paul, who was the auditor of Pauls Poles Ltd. in 2020, to become a director of Pauls Poles Ltd from 1 July 2021.
J.
Forming a proprietary company limited by guarantee with all foreign directors.
K.
Forming a company called All Products Ltd. with Ms. WingKnight as a majority shareholder and auditor.
L.
Ms Nguyen, who owns 3 shares of Smelly Fish Ltd., appoints Big Cat Pty Ltd., which also owns only 1 share, to be her proxy to attend the annual general meeting of Smelly Fish Ltd.
M.Waves Ltd. is listed on ASX. Snail Ltd. has held 19% of the voting power of Waves Ltd. for the past seven (8) months, and now seeks to acquire an additional 5% of the voting power in Waves Ltd. within one month from now, by way of a creeping takeover.
N.
Forming a company called Lovely Lane Ltd., which will have only one director, but with internal and external auditors.
O.
Forming a company under the Corporations Act 2001 (Cth) that will not have a director.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started