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CORPORATIONS ACT 2001

CHAPTER 2B - BASIC FEATURES OF A COMPANY  

PART 2B.1 - COMPANY POWERS AND HOW THEY ARE EXERCISED  

SECTION 127  EXECUTION OF DOCUMENTS (INCLUDING DEEDS) BY THE COMPANY ITSELF  

127(1)  [Execution without seal]  


A company may execute a document without using a common seal if the document is signed by:


(a) 2 directors of the company; or


(b) a director and a company secretary of the company; or


(c) for a proprietary company that has a sole director who is also the sole company secretary - that director.

Note: If a company executes a document in this way, people will be able to rely on the assumptions in subsection 129(5) for dealings in relation to the company.

127(2)  [Execution with seal]  


A company with a common seal may execute a document if the seal is fixed to the document and the fixing of the seal is witnessed by:


(a) 2 directors of the company; or


(b) a director and a company secretary of the company; or


(c) for a proprietary company that has a sole director who is also the sole company secretary - that director.

Note: If a company executes a document in this way, people will be able to rely on the assumptions in subsection 129(6) for dealings in relation to the company.

127(3)  [Execution as a deed]  


A company may execute a document as a deed if the document is expressed to be executed as a deed and is executed in accordance with subsection (1) or (2).

127(4)  [Effect of section]  


This section does not limit the ways in which a company may execute a document (including a deed).

 



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