Document ID: chunk:federal_register_of_legislation:C2025C00185:section:112
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 112
Character Range: 442108–443505

112  Types of companies

Types of companies
 (1) The following types of companies can be registered under this Act:

Proprietary companies                     Limited by shares
                                          Unlimited with share capital
Public companies                          Limited by shares
                                          Limited by guarantee
                                          Unlimited with share capital
                                          No liability company
Corporate collective investment vehicles  Limited by shares

Note 1: Other types of companies that were previously allowed continue to exist under the Part 10.1 transitionals.
Note 2: For corporate collective investment vehicles, see Chapter 8B.

No liability companies
 (2) A company may be registered as a no liability company only if:
 (a) the company has a share capital; and
 (b) the company's constitution states that its sole objects are mining purposes; and
 (c) the company has no contractual right under its constitution to recover calls made on its shares from a shareholder who fails to pay them.
Note 1: Section 9 defines mining purposes and minerals.
Note 2: Special provisions on no liability companies are found in the provisions referred to in the following table:

No liability company provisions
item                             topic                            provisions