What is a No Liability Company used for?
No liability companies are a type of public company limited by shares. They can only be used where the principal activity of the company is that of mining or oil exploration.
As these types of companies are quite unique in structure, it is best to discuss your needs with us if you are interested in ordering one. Please give us a call on 03 9898 6666 and we’ll be happy to help.
According to the Corporations Act, a company may be registered as a no liability company only if the following three requirements are met:
- the company has a share capital
- the constitution of the company clearly states that its sole purpose is mining, and
- the company does not have a contractual right to recover calls made on its shares from a shareholder who fails to pay them.
How to order a No Liability Company
To order one, please contact us via email or call us on 03 9898 6666 and we’ll be able to assist you.