Register a Proprietary Limited Company You should refer to section 117 complete an application form and prepare all relevant consents. You must have a share register for each class of shares - refer to section 169. Prepare a constitution see Section 134 and 135 so that your company's internal management is governed by a combination of replaceable rules and a constitution. The constitution should make a provision for a class of preference shares. Students may be asked to explain how they completed their assignment.