Company characteristics and the Corporations Act 2001

What this note covers

1. A company as a separate legal entity with limited liability
2. Public and large proprietary companies: how they differ
3. Continuity, transferability of shares and separation of ownership from management
4. Governing a company: constitution versus replaceable rules
5. Directors' powers and duties under the Corporations Act 2001
6. Raising capital from the public: prospectus and shareholder rights
7. Bringing it together: comparing two fictional companies
8. How this topic is examined and what separates a top response

8 sections · 12 key terms & formulas · 6 common mistakes