Corporations Act 2001
Note: This Chapter is modified for CCIVs: see Division 2 of Part 8B.4 .
View history note
Hide history noteNote: This Division does not apply to a CCIV: see subsection 1231A(5) .
The following table lists other provisions of this Act that are relevant to reductions in share capital.
| Other provisions relevant to reductions in share capital | ||
| 1 | section 588G | liability of directors on insolvency |
| section 1317H | Under the combined operation of these sections the directors may have to compensate the company if the company is, or becomes, insolvent when the company reduces its share capital. | |
| 2 | section 1324 | injunctions to restrain contravention |
| Under this section the Court may grant an injunction against conduct that constitutes or would constitute a contravention of this Act. | ||
| [ CCH Note: There is no item 3 in the table to s 256E. ] | ||
| 4 | Chapter 6CA | continuous disclosure provisions |
| Under this Chapter a disclosing entity is required to disclose information about its securities that is material and not generally available. | ||
| 5 | Chapter 2E | benefits to related parties to be disclosed |
| Under this Chapter a financial benefit to a director or other related party that could adversely affect the interests of a public company's members as a whole must be approved at a general meeting before it can be given. | ||
| 6 | section 125 | provisions in constitution |
| This section deals with the way in which a company's constitution may restrict the exercise of the company's powers and the consequences of a failure to observe these restrictions. | ||
| 7 | sections 246B-246G | variation of class rights |
| These sections deal with the variation of rights attached to a class of shares. This variation may be governed by the provisions of the company's constitution. |
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