Law of Business Organisations - Question 1 The feasibility study for the transition into fully automated stores of SmartMarkets Pty Ltd (SM) indicates that several million dollars will need to be invested in the first three years on software and hardware development as well as plant and equipment. At the first meeting of the board of SM, the directors discuss the various options available to SM to fund that project. These options include: …
Issues with the Corporations Act 2001 Whether the constitution of the company is as per the Corporations Act,2001 Whether the resolution passed at AGM is valid. Can the onus be put on Ludwig? Can the court interfere in such matter? The main issue that arises is whether Teresa have conducted an illegal act for which she must be held liable for the civil or criminal charges under the Corporation’s Act Corporations Act…
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