Products tagged with 'australia company form'

Set out how the shares of an Australian corporation are to be transferred or sold under this customizable Australia Shareholder Agreement.

• Each shareholder has a right of first refusal to purchase any shares being disposed of by the other shareholder(s) before the shares can be offered to third parties.
• Shareholders not wishing to exercise their right of first refusal can transfer a pro rata share of the offered securities to the other remaining shareholders.
• The shareholders also have a right of first refusal to purchase new securities being issued by the corporation.
• If a shareholder is in default (as defined in the agreement), the other shareholders have a call option; in other words, they have the option to purchase the defaulting shareholder's shares at fair market value.
• The procedure for avoiding deadlock in votes is set out.
• The template also includes non-competition and confidentiality clauses.
• Every corporation with more than one shareholder should have a Shareholder Agreement in place.
• Available in MS Word format.
• Intended to be used only within Australia.

Draw up the constitution for an Australian proprietary company limited by shares (pty. ltd.) with this downloadable template form.

The Constitution form contains sections providing for:

• issue and surrender of shares,
• voting rights, payment of dividends, and meetings of shareholders,
• the company's power to make a call on shareholders, and the shareholders' responsibility to make payment after the call is made,
• notices to shareholders,
• transfer of securities,
• transmission of shares,
• procedures for general meetings,
• powers of the chairman,
• appointment, termination and obligations of directors,
• resolutions in writing,
• winding up the corporation.

Available as a fully editable MS Word template.