Application of the Corporations Act Research Requirements: Students need to support their analysis from the text and the Corporations Act.Register a Proprietary Limited CO.You should refer to Section 117 of the Corp. Act, complete an APPLICATION FORM and and prepare all relevant consents NB section 117(2).You must also create a share register NB sections 167, 168 and 169.PREPARE a CONSTITUTION - refer to sections 134 and 135.Your company's INTERNAL MANAGEMENT is to be governed by a COMBINATION of replaceable rules and a constitution. THE CONSTITUTION MUST ONLY MAKE PROVISION FOR A CLASS OF REDEEMABLE PREFERENCE SHARES- NB sections 254A(2) and (3) of the Corp Act