AUE1601 EXAM
PACK
, Question 1
1.1. Reference sec. 36 sec 38 (1)
Board may shares of a company to the extent and within classes that
have been authorized by the memorandum of corporation.
The memorandum of incorporation sets out classes of shares and
number of shares that the company is authorized to issue.
Also specifies for each class distinguishing designation for that class
and preference rights and limitations.
The memorandum of incorporation may authorize a stated number of
unclassified shares which are budget to classification by the board.
Copter services limited all need to comply will all related details listed
above in its memorandum of Incorporation.
1.2. sec 36 (2)
The authorization and classification of shares, the number rights
and limitations associated with shares set put in the memorandum
of incorporation may be changed only by amendment of
memorandum of incorporation by board to the extent that the
memorandum of incorporation provides.
PACK
, Question 1
1.1. Reference sec. 36 sec 38 (1)
Board may shares of a company to the extent and within classes that
have been authorized by the memorandum of corporation.
The memorandum of incorporation sets out classes of shares and
number of shares that the company is authorized to issue.
Also specifies for each class distinguishing designation for that class
and preference rights and limitations.
The memorandum of incorporation may authorize a stated number of
unclassified shares which are budget to classification by the board.
Copter services limited all need to comply will all related details listed
above in its memorandum of Incorporation.
1.2. sec 36 (2)
The authorization and classification of shares, the number rights
and limitations associated with shares set put in the memorandum
of incorporation may be changed only by amendment of
memorandum of incorporation by board to the extent that the
memorandum of incorporation provides.
