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Majority Shareholder Rights Explained
Summary
In Victoria, Australia, majority shareholders rights are generally protected under the Corporations Act 2001 (Cth). However, a companys constitution can include specific provisions that may impact these rights. Directors cannot unilaterally change the constitution without shareholders approval, which typically requires a special resolution. Misuse of company assets by directors, such as using a work car for personal holidays, is a breach of fiduciary duties. Verbal threats by directors to shareholders can be taken seriously, even without physical proof, and should be documented and reported. Directors must act in the best interests of the company and avoid conflicts of interest.Full Conversation
I am the majority shareholder of my company and abn can a previous constitution on the abn over ride my position
Hi Greg, thanks for providing the details. The answer to your question depends on various factors including the specific provisions in your company's constitution and the relevant corporate laws of your location.
Could you please tell me which state or country your company is registered in? This will help me provide more accurate information.
Could you please tell me which state or country your company is registered in? This will help me provide more accurate information.
Victoria
In Victoria, Australia, your position as a majority shareholder is generally protected under corporate law. However, the specific provisions in your company's constitution can have significant implications.
- Corporations Act * (Cth): Governs companies in Australia.
- Company Constitution: Can override some standard rules if explicitly stated.
Would you like to know more about how specific clauses in the constitution might affect your position?
- Corporations Act * (Cth): Governs companies in Australia.
- Company Constitution: Can override some standard rules if explicitly stated.
Would you like to know more about how specific clauses in the constitution might affect your position?
Yes
In Victoria, the Corporations Act * (Cth) generally protects the rights of majority shareholders, but the company's constitution can include special provisions that might impact these rights.
Key Points:
- Corporations Act * (Cth): Provides overarching rules for companies.
- Company Constitution: Can override some standard provisions if explicitly stated.
Would you like to know how to review your company's constitution to understand your rights better?
- Corporations Act * (Cth): Provides overarching rules for companies.
- Company Constitution: Can override some standard provisions if explicitly stated.
Would you like to know how to review your company's constitution to understand your rights better?
How do I review the constitution as it is another employees old abn
To review your company's constitution under the old ABN, follow these steps:
*. Access the Document: Request a copy from the company's records or the relevant employee.
*. Review Key Sections: Look for provisions related to shareholder rights and majority control.
*. Consult Legal Advice: Consider consulting a lawyer for a detailed review.
Would you like more specific advice on what sections to look for in the constitution?
*. Access the Document: Request a copy from the company's records or the relevant employee.
*. Review Key Sections: Look for provisions related to shareholder rights and majority control.
*. Consult Legal Advice: Consider consulting a lawyer for a detailed review.
Would you like more specific advice on what sections to look for in the constitution?
Where are abn constitution stored and who can access them
In Victoria, Australia, company constitutions are usually stored in the company's records. They are accessible to shareholders and directors. You can request a copy from the company's secretary or records office.
Would you like to know what specific sections of the constitution to review?
Would you like to know what specific sections of the constitution to review?
Yes
Key Sections to Review in the Company Constitution:
- Shareholder Rights: Look for clauses outlining the rights of shareholders, especially majority shareholders.
- Management and Control: Provisions related to the power and duties of directors vs. shareholders.
- Amendments: How and when the constitution can be amended.
Would you like more information on how to interpret these sections?
- Shareholder Rights: Look for clauses outlining the rights of shareholders, especially majority shareholders.
- Management and Control: Provisions related to the power and duties of directors vs. shareholders.
- Amendments: How and when the constitution can be amended.
Would you like more information on how to interpret these sections?
Can the original abn holder have power over the majority share holders due to constitutional clauses
In Victoria, Australia:
- The company's constitution can indeed include clauses that grant specific rights to the original ABN holder.
- These clauses might affect the majority shareholders' control.
Consider consulting a lawyer to interpret these clauses in the constitution accurately. Would you like more advice on finding a legal expert in corporate law?
- The company's constitution can indeed include clauses that grant specific rights to the original ABN holder.
- These clauses might affect the majority shareholders' control.
Consider consulting a lawyer to interpret these clauses in the constitution accurately. Would you like more advice on finding a legal expert in corporate law?
Can a director change the abn constitution without shareholders approval
In Victoria, Australia:
- Under the Corporations Act * (Cth), any changes to a company's constitution generally require a special resolution, which means at least *% of the votes cast by shareholders must be in favor.
- A director alone cannot unilaterally change the constitution without shareholders' approval.
Would you like information on how to initiate a special resolution?
- Under the Corporations Act * (Cth), any changes to a company's constitution generally require a special resolution, which means at least *% of the votes cast by shareholders must be in favor.
- A director alone cannot unilaterally change the constitution without shareholders' approval.
Would you like information on how to initiate a special resolution?
Yes
To initiate a special resolution in Victoria, Australia, follow these steps:
*. Notice of Meeting: Shareholders must be given at least 21 days' notice.
*. Draft Resolution: Clearly state the proposed changes to the constitution.
*. Voting: At least *% of the votes cast must be in favor.
*. Lodgement: File the resolution with the Australian Securities and Investments Commission (ASIC).
Would you like details on how to draft the notice or resolution?
*. Notice of Meeting: Shareholders must be given at least 21 days' notice.
*. Draft Resolution: Clearly state the proposed changes to the constitution.
*. Voting: At least *% of the votes cast must be in favor.
*. Lodgement: File the resolution with the Australian Securities and Investments Commission (ASIC).
Would you like details on how to draft the notice or resolution?
Does an abn always have a constitution
In Australia, an ABN (Australian Business Number) is a unique identifier for businesses, but not all businesses with an ABN are required to have a constitution.
Key Points:
- Companies: Generally have a constitution or adopt the replaceable rules in the Corporations Act.
- Sole Traders/Partnerships: Typically do not have a constitution.
Would you like to know more about the different business structures and their requirements?
Key Points:
- Companies: Generally have a constitution or adopt the replaceable rules in the Corporations Act.
- Sole Traders/Partnerships: Typically do not have a constitution.
Would you like to know more about the different business structures and their requirements?
Can I look up if an abn has a constitution
In Australia, you can't directly look up if an ABN has a constitution. To find out if a company has a constitution, you will need to:
- Contact the company directly and request it.
- Check with the Australian Securities and Investments Commission (ASIC).
Would you like more details on how to contact ASIC or the company for this information?
- Contact the company directly and request it.
- Check with the Australian Securities and Investments Commission (ASIC).
Would you like more details on how to contact ASIC or the company for this information?
What terms can an abn constitution have
In Victoria, Australia, an ABN constitution can include various terms. Here are some common ones:
- Shareholder Rights: Voting rights, dividend entitlements.
- Management and Control: Powers of directors, decision-making processes.
- Amendments: Procedures for changing the constitution.
- Dispute Resolution: Processes for resolving internal disputes.
Would you like more detailed examples of these terms?
- Shareholder Rights: Voting rights, dividend entitlements.
- Management and Control: Powers of directors, decision-making processes.
- Amendments: Procedures for changing the constitution.
- Dispute Resolution: Processes for resolving internal disputes.
Would you like more detailed examples of these terms?
Can a abn constitution get rid off shareholders
In Victoria, Australia, a company's constitution can include provisions that significantly impact shareholders' rights, but it generally cannot completely eliminate shareholders. Key points include:
- Corporations Act * (Cth): Provides overarching protections for shareholders.
- Company Constitution: Can include specific clauses that affect shareholder rights.
Would you like to know more about challenging potentially unfair constitutional clauses?
- Corporations Act * (Cth): Provides overarching protections for shareholders.
- Company Constitution: Can include specific clauses that affect shareholder rights.
Would you like to know more about challenging potentially unfair constitutional clauses?
Can a director of an abn request the constitution without engaging with another director
In Victoria, Australia, a director can usually request access to the company's constitution without necessarily engaging with another director, as long as they are fulfilling their duties and acting in the best interest of the company.
Would you like to know more about the steps to request the constitution?
Would you like to know more about the steps to request the constitution?
Yes
To request the company’s constitution as a director in Victoria, follow these steps:
*. Formal Request: Draft a formal request to the company secretary or records office.
*. Purpose: Clearly state the purpose of your request.
*. Fulfill Duties: Ensure the request aligns with your duties and responsibilities as a director.
Would you like more detailed advice on drafting the formal request?
*. Formal Request: Draft a formal request to the company secretary or records office.
*. Purpose: Clearly state the purpose of your request.
*. Fulfill Duties: Ensure the request aligns with your duties and responsibilities as a director.
Would you like more detailed advice on drafting the formal request?
Can a director extort shareholders
In Victoria, Australia, extortion is a criminal offense and can involve a director unlawfully demanding money or other benefits from shareholders under threat. Key points:
- Criminal Code: Extortion is illegal and punishable under criminal law.
- Corporations Act * (Cth): Directors must act in good faith and in the best interests of the company.
Would you like to know more about reporting such behavior or taking legal action?
- Criminal Code: Extortion is illegal and punishable under criminal law.
- Corporations Act * (Cth): Directors must act in good faith and in the best interests of the company.
Would you like to know more about reporting such behavior or taking legal action?
Can a director put a timeline to buy out shareholders or is this against directors duties
In Victoria, Australia, a director must act in the best interests of the company and its shareholders. Imposing a timeline to buy out shareholders can be legally complex. Here are key points:
- Directors' Duties: Under the Corporations Act * (Cth), directors must act in good faith and in the best interests of the company.
- Shareholder Rights: Any buyout proposal must comply with the company's constitution and ensure fair treatment of all shareholders.
Would you like to know more about the legal implications of setting such a timeline?
- Directors' Duties: Under the Corporations Act * (Cth), directors must act in good faith and in the best interests of the company.
- Shareholder Rights: Any buyout proposal must comply with the company's constitution and ensure fair treatment of all shareholders.
Would you like to know more about the legal implications of setting such a timeline?
Yes
Key Legal Implications to Consider:
*. Directors' Duties:
- Under the Corporations Act * (Cth), directors must act in good faith and in the best interests of the company and its shareholders.
*. Shareholder Rights:
- Ensure any buyout proposal complies with the company's constitution.
- Fair treatment of all shareholders must be maintained.
Would you like detailed advice on the legal procedures and protections involved in setting a buyout timeline for shareholders?
*. Directors' Duties:
- Under the Corporations Act * (Cth), directors must act in good faith and in the best interests of the company and its shareholders.
*. Shareholder Rights:
- Ensure any buyout proposal complies with the company's constitution.
- Fair treatment of all shareholders must be maintained.
Would you like detailed advice on the legal procedures and protections involved in setting a buyout timeline for shareholders?
I would like to know if a buy out timeline is acting in the best interests of the shareholders
To determine if a buyout timeline is acting in the best interests of the shareholders, consider the following:
- Directors' Duties: Directors must act in good faith and in the best interests of the company and all its shareholders.
- Fair Treatment: Ensure the buyout timeline is fair and does not disadvantage any shareholders.
- Compliance: The proposal must comply with the company's constitution and relevant laws.
Do you need specific guidance on evaluating the fairness of a buyout proposal?
- Directors' Duties: Directors must act in good faith and in the best interests of the company and all its shareholders.
- Fair Treatment: Ensure the buyout timeline is fair and does not disadvantage any shareholders.
- Compliance: The proposal must comply with the company's constitution and relevant laws.
Do you need specific guidance on evaluating the fairness of a buyout proposal?
Yes
Key Considerations for Evaluating the Fairness of a Buyout Proposal:
- Directors' Duties:
- Under the Corporations Act * (Cth), ensure the proposal is in good faith and in the best interests of all shareholders.
- Fair Treatment:
- The timeline should offer fair value and consideration to all shareholders.
- Compliance:
- Verify that the proposal aligns with the company's constitution and legal requirements.
Would you like more information on how to ensure compliance with the Corporations Act and the company constitution?
- Directors' Duties:
- Under the Corporations Act * (Cth), ensure the proposal is in good faith and in the best interests of all shareholders.
- Fair Treatment:
- The timeline should offer fair value and consideration to all shareholders.
- Compliance:
- Verify that the proposal aligns with the company's constitution and legal requirements.
Would you like more information on how to ensure compliance with the Corporations Act and the company constitution?
If shareholders object a buy out proposal from the managing director and the director then indirectly threatens shareholders
Case Rating: *
In Victoria, Australia, threatening shareholders can be a serious legal issue. Here are key points to consider:
- Directors' Duties: Under the Corporations Act * (Cth), directors must act in good faith and in the best interests of the company.
- Illegal Actions: Threatening shareholders may constitute a breach of directors' duties and potentially criminal behavior.
Would you like more information on how to report this behavior or seek legal protection?
In Victoria, Australia, threatening shareholders can be a serious legal issue. Here are key points to consider:
- Directors' Duties: Under the Corporations Act * (Cth), directors must act in good faith and in the best interests of the company.
- Illegal Actions: Threatening shareholders may constitute a breach of directors' duties and potentially criminal behavior.
Would you like more information on how to report this behavior or seek legal protection?
Does verbal conversations about threats have any legal case if no proof
Verbal threats can indeed be taken seriously and may constitute a legal case, even without physical proof. Here are some key points:
- Witness Testimony: Other individuals who heard the threats can testify.
- Behavioral Evidence: Demonstrations of fear or changes in behavior can support your case.
- Recording Laws: In some jurisdictions, recording conversations may be legal and useful.
Would you like to know more about how to gather evidence or report verbal threats in Victoria?
- Witness Testimony: Other individuals who heard the threats can testify.
- Behavioral Evidence: Demonstrations of fear or changes in behavior can support your case.
- Recording Laws: In some jurisdictions, recording conversations may be legal and useful.
Would you like to know more about how to gather evidence or report verbal threats in Victoria?
Yes
In Victoria, verbal threats can be taken seriously, even without physical proof. Here are some ways to gather evidence:
- Witness Testimony: Have any witnesses provide statements.
- Behavioral Evidence: Document any changes in behavior or actions taken due to the threats.
- Recording: Victoria allows recording of conversations if one party consents.
Would you like guidance on how to report these verbal threats to the authorities?
- Witness Testimony: Have any witnesses provide statements.
- Behavioral Evidence: Document any changes in behavior or actions taken due to the threats.
- Recording: Victoria allows recording of conversations if one party consents.
Would you like guidance on how to report these verbal threats to the authorities?
Director misusing company funds
In Victoria, Australia, a director misusing company funds can be a serious legal issue. Here are some key points:
- Corporations Act * (Cth): Directors must act in good faith and in the best interests of the company.
- Misuse of Funds: Misappropriating company funds can lead to legal action and penalties.
Would you like advice on how to gather evidence or report this misuse to the authorities?
- Corporations Act * (Cth): Directors must act in good faith and in the best interests of the company.
- Misuse of Funds: Misappropriating company funds can lead to legal action and penalties.
Would you like advice on how to gather evidence or report this misuse to the authorities?
Director using work car and fuel for personal holidays
In Victoria, Australia, directors have a duty to act in good faith and in the best interests of the company. Misusing company assets, such as a work car and fuel for personal holidays, can be a serious breach of these duties. Here are some key points:
- Corporations Act * (Cth): Directors must act in the best interests of the company.
- Misuse of Assets: Using company assets for personal use without authorization is likely a breach of fiduciary duties.
Would you like information on how to gather evidence or report this misuse to the appropriate authorities?
- Corporations Act * (Cth): Directors must act in the best interests of the company.
- Misuse of Assets: Using company assets for personal use without authorization is likely a breach of fiduciary duties.
Would you like information on how to gather evidence or report this misuse to the appropriate authorities?
Can an indirect threat by a director to shareholders without proof be of substance
An indirect threat by a director to shareholders, even without proof, can still be taken seriously and have legal substance. Here are some key points:
- Witness Testimony: Statements from those who heard the threat.
- Behavioral Evidence: Documented changes in behavior due to the threat.
- Legal Standards: Directors must act in the best interests of the company under the Corporations Act * (Cth).
Would you like guidance on how to report this behavior or gather more evidence?
- Witness Testimony: Statements from those who heard the threat.
- Behavioral Evidence: Documented changes in behavior due to the threat.
- Legal Standards: Directors must act in the best interests of the company under the Corporations Act * (Cth).
Would you like guidance on how to report this behavior or gather more evidence?
Is committing suicide illegal
In Victoria, Australia, committing suicide is not illegal. However, encouraging or assisting someone to commit suicide is a criminal offense.
Key Points:
- Mental Health Support: It's important to seek mental health support if you or someone you know is struggling.
- Criminal Offense: Encouraging or assisting suicide can result in severe legal consequences.
Would you like information on mental health resources or legal consequences of assisting suicide?
Key Points:
- Mental Health Support: It's important to seek mental health support if you or someone you know is struggling.
- Criminal Offense: Encouraging or assisting suicide can result in severe legal consequences.
Would you like information on mental health resources or legal consequences of assisting suicide?
What is classed as a director not acting in the best intrest of shareholders
A director not acting in the best interests of shareholders might be evidenced by actions such as:
- Misappropriating company funds for personal use.
- Failing to disclose conflicts of interest.
- Making decisions that benefit themselves at the expense of the company.
- Threatening or coercing shareholders.
Would you like more information on how to report such misconduct?
- Misappropriating company funds for personal use.
- Failing to disclose conflicts of interest.
- Making decisions that benefit themselves at the expense of the company.
- Threatening or coercing shareholders.
Would you like more information on how to report such misconduct?
What is classed as threatening shareholders
In Victoria, Australia, threatening shareholders is considered serious and can involve the following actions:
- Verbal or written threats of harm or detrimental action.
- Coercion or intimidation to force shareholders to act against their will.
- Unlawfully demanding money or benefits under threat.
Would you like information on how to report such threats or seek legal protection?
- Verbal or written threats of harm or detrimental action.
- Coercion or intimidation to force shareholders to act against their will.
- Unlawfully demanding money or benefits under threat.
Would you like information on how to report such threats or seek legal protection?
Can shareholders over rule a managing director
In Victoria, Australia, shareholders can overrule a managing director under certain circumstances. Here are key points:
- Shareholders' Rights: Majority shareholders can influence or change company policies via voting.
- Special Resolutions: Significant changes, including the removal of a director, often require a special resolution (*% of votes).
- Company Constitution: Specific provisions in the constitution may detail the process.
Would you like more information on how to initiate a special resolution to overrule a managing director?
- Shareholders' Rights: Majority shareholders can influence or change company policies via voting.
- Special Resolutions: Significant changes, including the removal of a director, often require a special resolution (*% of votes).
- Company Constitution: Specific provisions in the constitution may detail the process.
Would you like more information on how to initiate a special resolution to overrule a managing director?
Yes
Key Steps to Initiate a Special Resolution to Overrule a Managing Director:
*. Notice of Meeting: Notify shareholders at least 21 days in advance.
*. Draft Resolution: Clearly state the proposed changes or actions.
*. Voting: Ensure at least *% of votes cast are in favor.
*. Lodgement: Submit the resolution to the Australian Securities and Investments Commission (ASIC).
Would you like detailed advice on drafting the notice for the special resolution?
*. Notice of Meeting: Notify shareholders at least 21 days in advance.
*. Draft Resolution: Clearly state the proposed changes or actions.
*. Voting: Ensure at least *% of votes cast are in favor.
*. Lodgement: Submit the resolution to the Australian Securities and Investments Commission (ASIC).
Would you like detailed advice on drafting the notice for the special resolution?
Yes
To draft a notice for a special resolution, here are the steps:
*. Header: Include the company's name and ABN.
*. Notice of Meeting: Clearly state the date, time, and location of the meeting.
*. Resolution Details: Clearly outline the proposed actions or changes, including the reasons for overruling the managing director.
*. Voting Information: Explain the voting procedure and the requirement for a *% majority.
*. Contact Information: Provide details for shareholders to ask questions or seek clarifications.
Would you like an example template for drafting this notice?
*. Header: Include the company's name and ABN.
*. Notice of Meeting: Clearly state the date, time, and location of the meeting.
*. Resolution Details: Clearly outline the proposed actions or changes, including the reasons for overruling the managing director.
*. Voting Information: Explain the voting procedure and the requirement for a *% majority.
*. Contact Information: Provide details for shareholders to ask questions or seek clarifications.
Would you like an example template for drafting this notice?
Yes
Here's an example template for drafting a notice for a special resolution:
---
[Company Name]
ABN: [Company ABN]
Notice of Special Meeting
Date: [Insert Date]
Time: [Insert Time]
Location: [Insert Location or Virtual Meeting Link]
Agenda: Special Resolution to Overrule the Managing Director
Proposed Resolution:
The shareholders of [Company Name] propose the following resolution:
- Resolution: That [Managing Director's Name] be overruled in their capacity as Managing Director due to [specific reasons].
- Reason: [Provide detailed reasons for the proposed action].
Voting Procedure:
- A special resolution requires at least *% of the votes cast to be in favor.
- Each shareholder is entitled to one vote per share held.
- Proxy voting is allowed; please submit proxy forms by [insert deadline].
Contact Information:
For any questions or clarifications, please contact [Name], [Position] at [Email] or [Phone Number].
---
Would you like to proceed with any specific steps or need further assistance on another aspect?
---
[Company Name]
ABN: [Company ABN]
Notice of Special Meeting
Date: [Insert Date]
Time: [Insert Time]
Location: [Insert Location or Virtual Meeting Link]
Agenda: Special Resolution to Overrule the Managing Director
Proposed Resolution:
The shareholders of [Company Name] propose the following resolution:
- Resolution: That [Managing Director's Name] be overruled in their capacity as Managing Director due to [specific reasons].
- Reason: [Provide detailed reasons for the proposed action].
Voting Procedure:
- A special resolution requires at least *% of the votes cast to be in favor.
- Each shareholder is entitled to one vote per share held.
- Proxy voting is allowed; please submit proxy forms by [insert deadline].
Contact Information:
For any questions or clarifications, please contact [Name], [Position] at [Email] or [Phone Number].
---
Would you like to proceed with any specific steps or need further assistance on another aspect?
Does the managing director have to have shareholders permission to buy equipment for the business
In Victoria, Australia, whether a managing director needs shareholders' permission to buy equipment depends on the company's constitution and the scope of the director's authority under the Corporations Act * (Cth). Key points:
- Company Constitution: May outline specific provisions.
- Board Approval: Often required for significant expenditures.
- Directors' Duties: Must act in the best interests of the company.
Do you need more information on reviewing the company's constitution or directors' duties?
- Company Constitution: May outline specific provisions.
- Board Approval: Often required for significant expenditures.
- Directors' Duties: Must act in the best interests of the company.
Do you need more information on reviewing the company's constitution or directors' duties?
Company constitution explained
In Victoria, Australia, a company's constitution is a key document that outlines how the company is governed, including the rights and duties of shareholders and directors. Here are some key points:
- Corporations Act * (Cth): Governs companies in Australia and provides overarching rules.
- Company Constitution: Can override some standard rules if explicitly stated.
- Shareholder Rights: Includes voting rights, dividend entitlements, etc.
- Directors' Duties: Directors must act in good faith and in the best interests of the company.
- Management and Control: Details the powers and duties of directors vs. shareholders.
- Amendments: Procedures for changing the constitution.
Would you like more detailed information on any of these points or another aspect of company constitutions?
- Corporations Act * (Cth): Governs companies in Australia and provides overarching rules.
- Company Constitution: Can override some standard rules if explicitly stated.
- Shareholder Rights: Includes voting rights, dividend entitlements, etc.
- Directors' Duties: Directors must act in good faith and in the best interests of the company.
- Management and Control: Details the powers and duties of directors vs. shareholders.
- Amendments: Procedures for changing the constitution.
Would you like more detailed information on any of these points or another aspect of company constitutions?
Is a director able to divide shareholders and tell other shareholders they are going to start up a new abn to continue without current company
In Victoria, Australia:
- Corporations Act * (Cth): Directors have fiduciary duties to act in the best interests of the company.
- Company Constitution: May have specific provisions regarding directors' powers.
- Conflicts of Interest: Directors must avoid conflicts of interest and cannot undermine the company for personal gain.
Would you like more information on how to address potential breaches of directors' duties or conflicts of interest?
- Corporations Act * (Cth): Directors have fiduciary duties to act in the best interests of the company.
- Company Constitution: May have specific provisions regarding directors' powers.
- Conflicts of Interest: Directors must avoid conflicts of interest and cannot undermine the company for personal gain.
Would you like more information on how to address potential breaches of directors' duties or conflicts of interest?
Yes
In Victoria, Australia, directors have fiduciary duties to act in the best interests of the company and to avoid conflicts of interest. Here's how you can address potential breaches or conflicts:
- Document Evidence: Collect any communications or actions that show the director's intent to divide shareholders or start a competing business.
- Seek Legal Advice: Consult a lawyer specializing in corporate law for a detailed review and potential legal action.
- Report to ASIC: You can report misconduct to the Australian Securities and Investments Commission (ASIC).
Would you like more detailed advice on how to gather evidence or contact a legal expert?
- Document Evidence: Collect any communications or actions that show the director's intent to divide shareholders or start a competing business.
- Seek Legal Advice: Consult a lawyer specializing in corporate law for a detailed review and potential legal action.
- Report to ASIC: You can report misconduct to the Australian Securities and Investments Commission (ASIC).
Would you like more detailed advice on how to gather evidence or contact a legal expert?
Is it legal for 23 year old sexual intercourse with *
In Victoria, Australia, the legal age of consent for sexual activity is 16 years old. Therefore, a *-year-old engaging in sexual intercourse with a *-year-old is legal, provided it is consensual and there is no position of authority or care involved.
Would you like more information on related legal issues or protections?
Would you like more information on related legal issues or protections?
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