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Law 320

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CORPORATIONS ACT 2001 - SECT 249U
Chairing meetings of members (replaceable rule--see section 135)
(1) The directors may elect an individual to chair meetings of the company's members.
(2) The directors at a meeting of the company's members must elect an individual present to chair the meeting (or part of it) if an individual has not already been elected by the directors to chair it or, having been elected, is not available to chair it, or declines to act, for the meeting (or part of the meeting).
(3) The members at a meeting of the company's members must elect a member present to chair the meeting (or part of it) if:
(a) a chair has not previously been elected by the directors to chair the meeting; or
(b) a previously elected chair is not available, or declines to act, for the meeting (or part of the meeting).
(4) The chair must adjourn a meeting of the company's members if the members present with a majority of votes at the meeting agree or direct that the chair must do so. 3. After reading that, only (3) is possible -- the 80 old man. Because Sect 201B -- Only a real person can be a director ( a) Mr Shift himself doesn't want to be a director. Mr Shift wants his own family company to be the director, which is contradict to Sect 201B. A family company is not a real person. ( b) Ms. Avid has still 5 months to serve the conviction. Sect201B disqualifies her to be a director unless Ms. Avid is granted permission by the ways stated in Part 2D.6 of the Corporation Act, where her appointment is made with permission granted by ASIC under section 206F or leave granted by the Court under section

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