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Constitution (Proprietary Company)

A Constitution (Proprietary Company) is an essential and crucial document that regulates your company's activities and the relationship between your company's directors and shareholders.
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4.5 (49 reviews)
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Under 5 minutes
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Suitable for Australia
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Document Overview

A constitution is an essential and crucial document that oversees the activities of your company as well as the relationship of your company’s directors and shareholders. Company constitutions specify the rules governing the directors and shareholders in relation to the operations of a company. This constitution is drafted for a proprietary company limited by shares. Public company constitutions must follow different rules.

Constitutions may operate alongside or overrule the replaceable rules contained in the Corporations Act 2001 (Cth). For more information, see Company Constitution or Replaceable Rules?

This constitution has optional wording to make the constitution compatible with a shareholders' agreement. Lawpath provides a shareholders' agreement template compatible with this constitution.

Use this Constitution if:

  • You want to decide how your company is run and governed.

  • You have chosen not to adopt the Replaceable Rules provided by the Corporation Act.

  • You want a more tailored and customisable internal governance approach.

What does the Constitution cover?

The following list are some of the main areas that the company constitution will address:

  • The company’s structure;

  • The issue of shares;

  • Transfer of shares;

  • Share certificates;

  • Meeting governance;

  • Voting procedures;

  • Directors;

  • Company secretary; and

  • Dividends.

Further information


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Here's what people say about Lawpath’s Constitution (Proprietary Company)
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Very easyVery easy to create and looks like it covers everything except when you sign up for the free trial you can only download the pdf.
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Edwina
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The mavenAll this time i've been fretting over how to find the funds to create this important element of my website legals - thank you! You not only saved me time you saved my backon.
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Private user
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Very fast and easyWhilst i'm sure it's not the most involved will, it's more than enough for a simple will that ensures my possessions go to the right people.
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Michael Vincent
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Fast quick and exactly what i was afterI will be looking at a subscription after discovering what the site has to offer
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Private user
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Good experienceIt was very easy to create, but there is no way to add additional terms
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Chathurani
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Very easy to useVery happy with free template. I will be happy to upgrade to paid account and use it for my business.
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Samik
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GreatThe document was easy to follow and ideal for my needs
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Colleen
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Simple to useThe document creation was simple and completion took only a few minutes. Thanks lawpath for making operating a regional-based small business that much easier.
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LeahB
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Great learning experienceSome information cannot be omitted, which is rather restricting as well. Other than that, it is a great resource
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CHIO
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ExcellentI did not expect to find such a great document so quickly. I will have to edit to include special instructions for covid-19 but the structure and content are exceptional.
people
Wolff
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