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Harry, Zayn and Louis decide to form a new company called No Direction Pty Ltd...

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Accounting

Harry, Zayn and Louis decide to form a new company called No Direction Pty Ltd and the three of them are directors of the company. They decide not to draft a constitution but rather rely on the replaceable rules in the Corporations Act. Advise the three on the following: (a) Who determines whether the company need to borrow funds from investors or a financial institution? What needs to be considered

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