Photo by Austin Distel on UnsplashThe legal rules for shareholder dividend distributionsUpdated: 15 February 2021Directors 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 a hurry? Jump ahead below.Payments
Photo by CoWomen on UnsplashA guide to ex gratia paymentsUpdated: 24 January 2022What 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 on an ex gratia payment
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
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’
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,
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