THE CORPORATIONS LAW

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

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PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

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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

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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  

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1416(1)  [Provisions not repealed or amended]  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Law applies to a company limited by shares and by guarantee as if the following provisions of the old Law had not been repealed or amended: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.

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History

S 1416 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

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