Shares Archives - Michael Law Group

The legal rules for shareholder dividend distributions

Photo by Austin Distel on Unsplash The legal rules for shareholder dividend distributions Updated: 15 February 2021 Directors can make dividend distributions to shareholders as long as those distributions don't jeapordise the company’s ability to pay it's debts. The guidance in this article is from the Corporations Act 2001 (Cth) (Corporations Act). In

Startup Contracts

A guide to ex gratia payments

Photo by CoWomen on Unsplash A guide to ex gratia payments Updated: 24 January 2022 What are ex gratia payments? Ex gratia means ‘by favour'. This is when your employer, or any other entity, does not have an obligation to make a payment but they offer it anyway. In this article we're focussing

Your guide to appointing a proxy at a private Australian company

Photo by Parker Johnson on Unsplash Your guide to appointing a proxy at a private Australian company Updated: 6 December 2019 In this article, I will cover the Corporations Act 2001 (Cth) rules for appointing a proxy at a private Australian company. In a hurry? Jump ahead. Who is a proxy? First, in

The rights of a shareholder with over 50% voting rights in an Australian company

Photo by Anete Lūsiņa on Unsplash The rights of a shareholder with over 50% voting rights in an Australian company Updated: 6 December 2019 Below I’ll explain the rights of a shareholder with over 50% shares based on the Corporations Act. And I am going to use the term shareholder because it's more

Varying and cancelling share class rights

Photo by rawpixel on Unsplash Varying and cancelling share class rights Updated: 7 December 2019 Here’s what you need to know if you want to vary or cancel rights for a certain share class. In a rush? jump ahead. What are share classes? Shares can be ordinary or there can be different share

What goes into the shareholder register of your Australian company?

Photo by rawpixel on Unsplash What goes into the shareholder register of your Australian company? Updated: 7 December 2019 A register is a record of certain company information that must be kept to meet Corporations Act 2001 requirements. In this article we are looking at the requirements for companies with under 50 shareholders