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 2H - SHARES

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History

Chapter 2H inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

PART 2H.3 - PARTLY-PAID SHARES

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Part 2H.3 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

SECTION 254N   CALLS MAY BE LIMITED TO WHEN COMPANY IS EXTERNALLY-ADMINISTERED  

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254N(1)  [Calls may be limited]  

A limited company may provide by special resolution that the whole or a part of its unpaid share capital may be called up only if the company becomes an externally-administered body corporate.

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S 254N(1) inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

254N(2)  [Lodgment with ASIC]  

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The company must lodge with ASIC a copy of the special resolution within 14 days after it is passed.

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History

S 254N(2) amended by No 54 of 1998, Sch 5, Pt 2 (effective 1 July 1998).

S 254N(2) inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

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