We will prepare resolutions and the new constitution for the directors to adopt.Our constitution:

• allows for single director companies
• is flexible and allows for different classes of shares
• includes robust dispute resolution clauses
• allows for special purpose companies ( solely as trustee of SMSF)
• can either give the chair a casting vote to break deadlocks, or not give the chair a casting vote, which means in the event of a deadlock that can’t be broken, the members can request that the matter be referred for decision by arbitration

Note: Repeal or Amendment of Constitution Most companies can repeal or amend their constitution by special resolution. However, some companies may have additional requirements (e.g. the consent of a governing director). This is rare, but if it is the case with this company, you will need to notify us of the requirement in Special Instructions and upload a copy of the constitution before we can prepare the documents. All constitution adoptions will be processed on the assumption that a special resolution alone will be sufficient, unless we are otherwise instructed.