An Annual Return is a document that must be filed with the Registrar of Companies within seven months of the end of the relevant accounting period, containing key information about the company, its directors, and its financial status.
An industrial revenue bond (IRB) is a type of municipal bond issued to finance industrial development projects for private corporations. They are typically used for the construction or acquisition of facilities and equipment, encouraging economic growth and job creation.
A proprietary company, commonly marked with the suffix 'Pty' or 'Pty Ltd,' is a type of privately held business entity predominantly associated with Australia. Such companies have restrictions on the transferability of shares and are limited to a maximum of 50 shareholders.
Shares represent units of ownership in a company, conferring certain rights such as earning dividends and voting in company matters. They can differ in type, such as ordinary shares and preference shares, and their trading is subject to various regulations depending on whether the company is public or private.
Under the Companies Act 2006, a written resolution is signed by a majority of company members and treated as effective even though it is not passed at a properly convened company meeting.
