THE CORPORATIONS LAW

CHAPTER 2A - REGISTERING A COMPANY

PART 2A.2 - HOW A COMPANY IS REGISTERED

SECTION 120   MEMBERS, DIRECTORS AND COMPANY SECRETARY OF A COMPANY  

120(1)  [Consent]  

A person becomes a member, director or company secretary of a company on registration if the person is specified in the application with their consent as a proposed member, director or company secretary of the company.

120(2)  [Issue of shares]  

The shares to be taken up by the members as specified in the application are taken to be issued to the members on registration of the company.

Note:

A member's name must be entered in the register of members (see section 169).