Photo by Austin Distel on Unsplash The legal rules for shareholder dividend distributions 16 December 2019  Directors need to know they can make dividend distributions to shareholders, but those distributions cannot jeapordise the company’s ability to pay debts. The guidance in this article is based on the Corporations Act 2001 (Cth) (Corporations Act).

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Photo by CoWomen on UnsplashA guide to ex gratia paymentsUpdated 3 January 2021The word ex gratia means by favour.And, in legal context it's a payment that is made without a legal obligation. In other words, someone did not have to pay a certain amount but they did anyway. So, below is what you need to

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Photo by Parker Johnson on UnsplashYour guide to appointing a proxy at a private Australian companyUpdated: 6 December 2019In 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 context of this article, a

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Photo by Anete Lūsiņa on UnsplashThe rights of a shareholder with over 50% voting rights in an Australian companyUpdated: 6 December 2019Below 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 widely known than ‘member’

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Photo by rawpixel on UnsplashVarying and cancelling share class rightsUpdated: 7 December 2019Here’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 classes that have different rights. For example,

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Photo by rawpixel on UnsplashWhat goes into the shareholder register of your Australian company?Updated: 7 December 2019A 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 and companies that are

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