This document discusses various topics related to corporate law including: 1) How corporations are regulated in Australia by the Australian Securities and Investments Commission (ASIC) and the Australian Securities Exchange (ASX). 2) The different models of corporate theory including managerialist, agency, team production, communitarian, and entity models. 3) Key aspects of partnerships including the definition under the Partnership Act, characteristics of partnerships, and liability in contracts, torts, and criminal law. 4) The process of incorporating a company under the Corporations Act including choosing a registration type as either a public or proprietary company.

1. Contents<br />Table of Contents<br /> TOC \h \z \t \"
Heading 1,2,Title,1\"
<br />Contextual & Theoretical Issues pgs PAGEREF _Toc234735058 \h . 3 - 14 <br />What is Corporate law? <br />How are Corporations regulated?: Australian Securities & Investments Commission (ASIC) & Australian Securities Exchange (ASX)<br />What are the different models of share ownership?<br />Corporate responsibility <br />Corporate theory: 'managerialist', 'agency model', 'team production model', 'communitarian model', 'entity models'<br />Partnership PAGEREF _Toc234735063 \h .<br />What is a partnership?<br />Diversity of modern partnerships<br />Similar but NOT a partnership<br />Defintion under the Partnership Act: <br />\"
Carrying on of a business\"
<br />\"
In common\"
<br />\"
With a view to profit\"
<br />Rules & indicia for determining the existence of a Partnership at law<br />Characteristics of a partnership <br />Liability in Contract/Tort/Criminal law<br />Fiduciary obligations <br />Case Law<br />The Company formed under the Corporations Act PAGEREF _Toc234735069 \h Error! Bookmark not defined.<br />Forms of business association: 'sole trader', 'partnership', 'trust', 'joint venture', 'non-profit association', 'co-operative', 'Act of parliament', <br />Public companies - s. 113<br />Proprietary companies - s. 113<br />Choice of registration<br />Process of incorporation<br />Shares and share capital <br />Corporate Constitution & Replaceable rules <br />Insolvency <br />Corporate Existence: Separate Legal Entity & Piercing the Corporate Veil PAGEREF _Toc234735071 \h Error! Bookmark not defined.<br />Doctrine of Corporate Personality<br />Limited liability<br />Salomon v Salomon & Co [1897] <br />Piercing the Veil of the Corporation <br />Agency<br />Corporate Groups<br />Other Categories / Interests of Justice / Tortious Acts <br />Corporations & Crime: 'vicarious liability', 'direct liability', 'Criminal Code Act 1995', <br />Corporate Constitution PAGEREF _Toc234735072 \h Error! Bookmark not defined.<br />What is the Corporate Constitution?<br />Alteration of the Corporate Constitution <br />Effect of the Corporate Constitution <br />Outside contracts which are affected by or incorporate the Corporate Constitution <br />Directors & Managers (Division of Powers) PAGEREF _Toc234735075 \h Error! Bookmark not defined.<br />Division of power between the Corporate Organs<br />Powers exercised by the General Meeting<br />Powers exercised by the Board of Directors <br />What is the Board of Directors? <br />Types of directors<br />Director's access to information<br />Ratification of director's actions<br />Grounds for disqualification: appointment & removal of directors<br />Limitations of director's power - to what extent can shareholders interfere with the management of the Corporation?<br />Exceptions to the rule in Automatic self-cleansing <br />Indoor Management Rule<br />Statutory assumptions<br />Agency <br />Shareholder Meetings PAGEREF _Toc234735076 \h Error! Bookmark not defined.<br />What is a GM meeting?<br />Alternatives to GM meetings<br />Who can call a GM? <br />Constitutional limitations<br />Notice to members <br />Resolutions<br />Conduct of meetings<br />Proxy voting<br />Disclosure obligations in proxy voting<br />Minutes & Circulars <br />Informal decisions <br />