CORPORATIONS ACT 2001

CHAPTER 5B - BODIES CORPORATE REGISTERED AS COMPANIES, AND REGISTRABLE BODIES  

PART 5B.1 - REGISTERING A BODY CORPORATE AS A COMPANY  

Division 1 - Registration  

SECTION 601BH   MODIFICATIONS OF CONSTITUTION  

601BH(1)   [ Time limit]  

A company registered under this Part must modify its constitution within 3 months after registration to give effect to this Part.

601BH(2)   [ Foreign currency]  

If the constitution specifies amounts of money expressed in foreign currency, the company must:


(a) fix a single rate of conversion by resolution; and


(b) modify its constitution by special resolution to convert those amounts into Australian currency using that rate.

The modification must be made within 3 months after registration.

601BH(2A)   [ Strict liability offence]  

An offence based on subsection (1) or (2) is an offence of strict liability.

Note: For strict liability , see section 6.1 of the Criminal Code .

601BH(3)   [ Effect of amendment]  

An amendment of a company's constitution under this section does not affect the number and class of shares held by each member.


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