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CORPORATIONS ACT 2001

CHAPTER 2J - TRANSACTIONS AFFECTING SHARE CAPITAL  

PART 2J.1 - SHARE CAPITAL REDUCTIONS AND SHARE BUY-BACKS  

Division 1 - Reductions in share capital not otherwise authorised by law  

SECTION 256E  

256E  SIGNPOSTS TO OTHER RELEVANT PROVISIONS  

 View history reference
The following table lists other provisions of this Act that are relevant to reductions in share capital.
Other provisions relevant to reductions in share capital
1section 588Gliability of directors on insolvency
 section 1317HUnder the combined operation of these sections the directors may have to compensate the company if the company is, or becomes, insolvent when the company reduces its share capital.
2section 1324injunctions to restrain contravention
  Under this section the Court may grant an injunction against conduct that constitutes or would constitute a contravention of this Act.
[CCH Note: There is no item 3 in the table to s 256E.]
4Chapter 6CAcontinuous disclosure provisions
  Under this Chapter a disclosing entity is required to disclose information about its securities that is material and not generally available.
5Chapter 2Ebenefits to related parties to be disclosed
  Under this Chapter a financial benefit to a director or other related party that could adversely affect the interests of a public company's members as a whole must be approved at a general meeting before it can be given.
6section 125provisions in constitution
  This section deals with the way in which a company's constitution may restrict the exercise of the company's powers and the consequences of a failure to observe these restrictions.
7sections 246B-246Gvariation of class rights
  These sections deal with the variation of rights attached to a class of shares. This variation may be governed by the provisions of the company's constitution.


 



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