CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 5B - BODIES CORPORATE REGISTERED AS COMPANIES, AND REGISTRABLE BODIES
History
Chapter 5B inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).
PART 5B.1 - REGISTERING A BODY CORPORATE AS A COMPANY
History
Part 5B.1 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).
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(3)
[Affect 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.
History
S 601BH inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).
View history note
Hide history note