0
Section 50AA of the Corporations Act 2001 (Cth) in Australia pertains to the definition of "control" in the context of corporate takeovers and related party transactions. It outlines circumstances under which a person is considered to control a corporation, particularly focusing on the ability to exercise a significant degree of influence over its decisions. This section is essential for determining the applicability of various corporate regulations, especially in matters involving substantial shareholdings and the rights associated with them.
What else can I help you with?
Under what section of the Corporations ACT 2001 does a director of a company have the power to inspect the books of the company for the purposes of a legal proceeding?
Section 198F(1) of the Corporations Act affords a current director the right to inspect a company's books (other than the companies financial records) at all reasonable times for the purposes of a legal proceeding to which that director is a party. Former directors also have similar inspection rights under section 198F(2). A former director's inspection right continues for seven (7) years after they cease to be a director.
What is the statute that regulates companies In regards to real estate. Is It companies act 1981 corporations act 2001 property law act 1974 or trade practices act 1974?
Trade Practices act 1974
What is the main purpose of the corporations act 2001?
The main purpose of the Corporations Act 2001 is to regulate corporate governance and the conduct of companies in Australia. It establishes the legal framework for the registration, operation, and dissolution of corporations, ensuring transparency, accountability, and protection for investors and creditors. The Act also delineates the responsibilities of company directors and officers, promoting fair practices and compliance within the corporate sector. Overall, it aims to enhance the integrity and efficiency of the corporate environment in Australia.
How is financial year defined by the Corporations Act 2001?
If you are refering to the Australian Corporations Act 2001, financial year is covered by section 232D, which, in part, says: " ... (1) The first financial year for a company, registered scheme or disclosing entity starts on the day on which it is registered or incorporated. It lasts for 12 months or the period (not longer than 18 months) determined by the directors" It is not to be confused with the more common use of the term financial year which is tax related, and is July 1 to June 30.
Edge Act corporations are chartered by which organization?
Edge Act corporations are chartered by the Fed, while agreement corporations secure their charters from the states.
Why are corporations covered under the national fair work act of Australia?
The power to legislate corporations is held by the Commonwealth (and corporations as it applies to Industrial relations per the High Courts ruling) and hence the act covers corporations in their role as employers, which is defined in the act.
S128 and S129 included in the corporation act 2001?
Sections 128 and 129 of the Corporations Act 2001 (Cth) in Australia pertain to the powers of a company's directors and the validity of acts performed by them. Section 128 establishes that the validity of a company's acts is not to be questioned on the grounds of a lack of authority, provided that the act is done in good faith and with the belief that it is in the best interests of the company. Section 129 reinforces this by stating that certain assumptions can be made regarding the validity of a company's internal procedures and the authority of its directors. Together, these provisions aim to protect third parties dealing with companies and ensure confidence in corporate dealings.
Why are agreement corporations called agreement corporations?
Agreement corporations are so named because they must agree to conform to activities permitted to Edge Act corporations.
Agreement corporations are chartered by which organizations?
Edge Act corporations are chartered by the Fed, while agreement corporations secure their charters from the states.
What has the author Wayne D Gray written?
Wayne D. Gray has written: 'The 2000 Annotated Canada Business Corporations Act' 'The annotated Canada Business Corporations Act, 1995 and the following related statutes, Corporations and Labour Unions Returns Act, Investment Canada Act' 'Integrated Models of Cognitive Systems (Cognitive Models and Architectures)' 'The 1996 annotated Canada Business Corporations Act and the following related statutes, Corporations and Labour Unions Returns Act, Investment Canada Act' -- subject(s): Corporation law
How did the elkins act corporations?
It would not allow them specials rates for shipping
The sherman antitrust act imposed limitations upon which group?
large corporations
