Section XXXXXXXXXXof the Corporations Act 2001 (Cth) enshrines the long-time position that a company’s constitution forms a statutory contract between, amongst others, the company and each member and the company and each director. Required: With reference to the above statement, relevant Australian case law and legislation, answer the following:1.What is the governing document of a company registered under the Corporations Act 2001 (Cth) and what is its purpose? (5) 2.Can a company’s constitution be amended and, if so, what are the requirements? Do you think the requirements are sufficient to protect minority shareholders? XXXXXXXXXXIn regard to amending a company’s constitution, are there limits on the power of the majority shareholders regarding the variation of member rights? (30)
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