Anja Is 6 Years Old and Attends a Local Primary

Multiple Choice

Anja is 6 years old and attends a local primary school. As part of a school project, she bakes chocolate chip cookies and sells them to her neighbours. The cookies are delicious and the neighbours ask for more. Soon Anja is baking a large amount of cookies and selling them all over Australia. Anja's father, Jacob, is a lawyer and says Anja should incorporate the cookie business. Jacob said he would act as the director of the company and the shareholders would be Anja (75%) and Jacob (25%) . Which of the following is correct:

A) Jacob's plan doesn't work because Anja cannot be a shareholder as shareholders need to be at least 18 years old.
B) Because Jacob is a promoter he does not need to consent to becoming a member.
C) Unless there is something in the constitution that limits the transferability of shares, Jacob could transfer ALL his shares to Anja if they both agreed.
D) As a minority shareholder, Jacob would have no right to enforce the constitution and replaceable rules of the company.
E) If Anja's neighbour was curious as to who owned the shares in the company, there is no way she would be able to get a copy of the register of members of the company.