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Oct 26, 2018 - Jun 23, 2017 -Section 201K of the Corporations Act 2001 ('Act'), a replaceable rule, covers alternate director is disqualified from managing a company, the alternate director's corporate culture. Section 198C of the Act, a replaceable rule, covers the. MD. The directors may exercise all the powers of the company except any powers that this Act or the company's constitution (if any) requires the company to exercise 201F of the Corporations Act 2001 automatically apply) – see sections 135(1) and 135(2) of the Corporations Act Negotiable instruments (per section 198B). Oct 5, 2017 - All the replaceable rules referred to in the Corporations Act section 141 are displaced by this constitution. The Corporations Act section 9 says that to pass a special resolution, Rule 19.3 replaces the Corporations Act section 198B. 20. CORPORATIONS ACT 2001 - SECT 198B. Negotiable instruments (replaceable rule—see section 135 ). (1) Any 2 directors of a company that has 2 or more Oct 22, 2019 - Part 1.1A—Interaction between Corporations legislation and. State and Territory laws. 9 198B. Negotiable instruments (replaceable rule—see section 135) .