Introduction
This Proprietary Company Limited by Shares Constitution is a professionally drafted constitution for a proprietary company limited by shares under the Corporations Act 2001.
It governs the internal management of the company including directors, members, meetings, share structure, and company administration.
The constitution establishes the rights and obligations between the company, its members, directors and officers.
It is suitable for use when establishing a new company or replacing an existing constitution.
This constitution includes detailed provisions dealing with directors’ powers, meetings, share classes, share transfers, dividends, company administration, indemnities and winding up.
📄 Proprietary Company Limited by Shares Constitution
• Directors powers and governance provisions
• Meetings of directors and members provisions
• Multiple share classes and rights provisions
• Share transfer and pre-emption provisions
• Dividend and profit provisions
• Company administration and winding up provisions
• Indemnity and confidentiality provisions
What is a Proprietary Company Constitution?
A Proprietary Company Constitution is a legal document that sets out the rules governing the internal management of a proprietary company limited by shares.
It regulates matters such as directors’ powers, members’ rights, meetings, share classes, share transfers, dividends and company administration.
The constitution operates as a contract between the company, its members, directors and secretary and replaces the replaceable rules to the extent permitted by the Corporations Act.
Professionally Drafted Legal Precedent
Prepared by experienced Australian commercial lawyers, this precedent provides a comprehensive and reliable framework for real-world use.
The document is fully editable in Microsoft Word and includes an Editing Legal Documents Guide to assist with completing and tailoring the agreement.
Designed for immediate use, it can be adapted to suit a wide range of legal and commercial scenarios.
At A Glance
What This Constitution Covers
• Company structure
• Directors and governance
• Members and shares
• Meetings of directors and members
• Company administration
Key Provisions Included
• Director appointment, removal and powers
• Multiple share classes and rights
• Share transfer and pre-emption provisions
• Dividend and profit provisions
• Indemnity and confidentiality clauses
Typical Use
• New proprietary companies
• Replacing an existing constitution
• Companies with multiple share classes
• Private company governance
• Corporate structuring
Download Details
• Professionally drafted legal precedent• Suitable for Australian use
• Fully editable Microsoft Word document
• Includes Editing Legal Documents Guide
• Instant download available immediately after purchase
Drafted by Legal Professionals
Our precedents are prepared by Australian legal practitioners and reflect commonly used legal drafting standards.
Practical and Easy to Use
Each template provides a structured framework that can be adapted to suit the specific transaction or matter.
Instant Access
Download immediately after purchase and edit the document in Microsoft Word to suit your requirements.
Related Precedents
Frequently Asked Questions
What is a company constitution?
A company constitution is a legal document that sets out the internal rules for the management and operation of a company.
Does this constitution replace the replaceable rules?
Yes. The constitution states that the replaceable rules do not apply to the company to the extent permitted by the Corporations Act.
Does this constitution include share classes?
Yes. The constitution provides for multiple share classes including ordinary shares and various classes of preference and non-voting shares.
Can this constitution be amended?
Yes. The company may modify or repeal the constitution by Special Resolution in accordance with the Corporations Act.
Proprietary Company Constitution – Instant Download
• Proprietary company constitution template
• Covers directors, members and governance
• Includes multiple share classes and share provisions
• Includes dividend, administration and winding up provisions
• Includes indemnity and confidentiality provisions
• Fully editable Microsoft Word document
• Suitable for Australian use
• Instant download available immediately after purchase
Used by lawyers, businesses and commercial operators across Australia.
Download This Precedent
Instant download. Fully editable Microsoft Word format. Includes practical drafting guidance.