Should a company use a constitution, replaceable rules or a combination?
- This really depends on the type of company that you wish to register.
- Some companies cannot operate using the replaceable rules. This includes:
- no liability companies,
- public companies listed on the Australian Stock Exchange (ASX),
- proprietary companies with a sole director and shareholder arrangement and
- any companies limited by guarantee without 'limited' in their name.
Read some more FAQS from our Company section