Minutes for Members to Inspect Books

This is a minute of the circulating resolution in which member(s) is/are authorised to inspect the books.

The Australian Security and Investments Commission (“ASIC”) require an Australian company to keep this record under the Corporations Act 2001.

“Books” of a company include:
• a register
• any other record of information including minutes of meetings
• accounts or accounting records, however complied, recorded or stored and
• a document ( as defined in s9 of the Corporations Act 2001) such as the company’s constitution ( if it has one)..

Checklist is not available for this document.

Sample is not available for this document.

Company Details
• How do I write the name of company?
• What is an ACN?
• How many digits in an ACN?
• Is the ACN the same as the ABN?
Director Details
• Who is a director?
• I can't work out which Directors are remaining?

---

Company Details

• How do I write the name of company?

  You write the name of your company exactly as the name that appears on the Company registration when you first registered with ASIC.
  
  E.g. Manley Pty Ltd
  
  Correct way is: Manley Pty Ltd
  
  Incorrect: Manley Pty Limited
  or Manley Proprietary Limited
  or Manley Proprietary Ltd
  

  This hint is provided by Law Central Legal.

  ---

  #

• What is an ACN?

  "ACN" stands for Australian Company Number. It is a unique number given to every registered Australian company. You can find the "ACN" of your company on the Certificate of Registration you received from ASIC when you first registered your company.
  
  If you don't know the "ACN" of your company then you can leave it blank and handwrite it in later.
  

  This hint is provided by Law Central Legal.

  ---

  #

• How many digits in an ACN?

  The ACN of a company usually has nine digits.
  
  For example the ACN of Smith Pty Ltd is ACN 999 250 250.

  This hint is provided by Law Central Legal.

  ---

  #

• Is the ACN the same as the ABN?

  No.
  
  Although they are similar, the ABN has 11 digits and is mainly used for taxation purposes.
  E.g. ABN 22 345 666 897
  
  You need to put in the ACN. Don't put in the ABN.

  This hint is provided by Law Central Legal.

  ---

  #

Director Details

• Who is a director?

  A Director is a person who is involved with the management of the company. Directors can be personally liable for any debts incurred by the company if the company trades while it is insolvent or fails to pay some taxes.
  
  

  This hint is provided by Law Central Legal.

  ---

  #

• I can't work out which Directors are remaining?

  Not sure of who is are all the directors of your company? (It is very sad that you don't know.)
  
  Firstly, if you don't know who the Directors of the company,have a look at your Company Secretary file.
  
  Alternately, you can do a search of your own companies' records at www.ASIC.gov.au.
  
  The remaining Directors are the Directors who were registered with ASIC.
  

  This hint is provided by Law Central Legal.

  ---

  #

This document has been prepared by the law practice Law Central Legal

Liability limited by a scheme approved under Professional Standards Legislation