CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS
PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW
History
Heading amended by No 61 of 1998, Sch 3 (effective 1 July 1998).
Pt 11.2 was renumbered from Pt 9.11 by No 61 of 1998, Sch 3 (effective 1 July 1998).
Division 10 - Changes resulting from the Company Law Review Act 1998
History
Div 10 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).
SECTION 1416
BASIC FEATURES OF A COMPANY - COMPANIES LIMITED BOTH BY SHARES AND BY GUARANTEE
1416(1)
[Provisions not repealed or amended]
This Law applies to a company limited by shares and by guarantee as if the following provisions of the old Law had not been repealed or amended:
(a)
paragraph 260(5)(a)
(b)
sections 516, 517 and 518.
1416(2)
[Definition of limited company]
This Law applies to the company as if the definition of
limited company in section 9 were amended by adding at the end ``or a company limited by shares and by guarantee''.
1416(3)
[Company may change]
The company may change to one of the following types of companies under
Part 2B.7 of the new Law:
(a)
a proprietary company limited by shares
(b)
a public company limited by shares
(c)
a company limited by guarantee.
1416(4)
[Modifications]
Part 2B.7 of the new Law applies to the change with any modifications that are necessary.
History
S 1416 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).
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