What is Corporations Act in SAP SAP-LEGAL - Global Field Legal?

SAP Term: Corporations Act

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: Legislation governing Corporations.

Smart SAP Assistant

• Key Concepts: 
  The Corporations Act is a law in Australia that regulates the formation, governance, and dissolution of corporations. It is also known as the Corporations Law and is administered by the Australian Securities and Investments Commission (ASIC). The Corporations Act is part of the SAP-LEGAL Global Field Legal Content, which provides legal information to SAP customers. 
  
  How to use it: 
  The Corporations Act can be used to ensure that corporations are compliant with the law. It provides guidance on how to form a corporation, how to manage it, and how to dissolve it. It also outlines the rights and responsibilities of shareholders, directors, and other stakeholders. 
  
  Tips & Tricks: 
  It is important to stay up-to-date with changes in the Corporations Act as they can have a significant impact on corporations. The SAP-LEGAL Global Field Legal Content provides regular updates on changes in the law so that customers can remain compliant. 
  
  Related Information: 
  The Corporations Act is just one part of the SAP-LEGAL Global Field Legal Content. Other components include labor laws, tax laws, and anti-corruption laws. Customers can use this content to ensure that their businesses are compliant with all applicable laws.