Australian Regulatory And Business Practice -Myassignmenthelp.Com

Question: Discuss About The Australian Regulatory And Business Practice? Answer: Introducation This notice has been given for the meeting and proxy form, which will provide the details of the Agenda and must be amended under the Constitution and formed a Class of Preference Shares by Shareholders of the company (name of the company, A.C.N no, name of the place where the meeting will be held) Voting Eligibility According to the terms of conducting the business meeting, the proxy vote is one of the important parts in the company resolution. Therefore, it has been notifying that the shareholders who are eligible for attend the meeting must meet on the said time, date and place. The proxy form will be attached at the time of the voting process. While in the process, if any of the shareholder was not able to attend the meeting must return the proxy form to the relevant authority. The Corporation Act 2001 (Cth) has stated that the directors have determined the pursuant to the Regulation 7.11.37 under this act. According to the regulation, the shareholders or other members of the company may get their eligibility to give their vote at the company meetings. Voting by Proxy The shareholders of the company (name of the company) are only eligible and entitled to provide their vote at the meeting for the proxy meeting process. In the proxy meeting process, it is not required that the shareholders are only participating in the process. accounting to the terms of the CA Act, those who have more than two shares are eligible to participate in the proxy vote process. The proxy meeting process will be processed accordingly for, against or abstain from voting on the each resolution. While marking the appropriate box for the proxy process, the Voting Directions section of the Proxy Form will be selected by the shareholders or other members of the company. The proxy form will be available on the companys website. Voting by Attorneys and Corporate Representative While in the voting process, if it has been found that an attorney who is involved in the company, he or she may also participate the meeting and may provide vote in the meeting. The proxy vote process should be operated individually. Now, the shareholders who will be appointed as a proxy are entitled to participate in the meeting process. They have rights to attend the meeting and as well as they can provide their vote at the proxy meeting. Resolution As per the above terms, in the general meeting the resolution will be passed for the amendment of the constitution for a class of preference share. According to the section 254A (2) of the Corporation Act 2001 (Cth), the company is entitled with the rights to issue preference shares if it has been mentioned in the companys constitution. However, in the meeting process it will be highlighted: The repayment process of the capital amount Providing the appropriate priority of payment of capital Voting process The shareholders will be participated in profits and surplus assets Non-Cumulative and Cumulative dividends The dividends which are related to classes of preference shares or other shares Reference Coffee Jr, J.C., Sale, H. and Henderson, M.T., 2015. Securities regulation: Cases and materials. Corporation Act 2001 (Cth) Mitchell, R., O'Donnell, A., Marshall, S. and Ramsay, I., 2016. Law, business-law- governance and partnerships at work: a study of australian regulatory style and business practice. Routledge. Tricker, R.B. and Tricker, R.I., 2015. Corporate governance: Principles, policies, and practices. Li, Y., 2014. The impact of regulation on the financial performance of small corporations in Australia: a structural equation modelling approach. In T WEI International Academic Conference Proceedings. New Orleans, USA (Vol. 104, p. 118). Oxford University Press, USA