Tuesday, May 3, 2011

Keeping it simple with company set ups

Following the last post, I had a question in relation to how the secretary position of the sole director company was resolved.

Interestingly due to relatively recent changes to the Corporations Act, there is now no longer a requirement to have a secretary for a proprietary limited company.

For those interested to explore the provisions in this regard further, the particular section of the Corporations Act is Section 204A(1).

Until next week.