Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1)Large Goods Ltd has been having secret negotiations with BBL Ltd to sell its transport and logstics business. This business accounts for 25% of Large

1)Large Goods Ltd has been having secret negotiations with BBL Ltd to sell its transport and logstics business. This business accounts for 25% of Large Goods Ltd's assets and 20% of it's revenues. Would the sale of this business require the approval of Large Goods Ltd's shareholders?

2)Rufus Wong is unhappy with the way Subco Ltd is being run. The company has not made a profit or paid a dividend since 2008. Rufus attends the company's AGM where he asks a number of questions.about the company's operations and criticises the performance of the company's executive directors.After 45 minutes the chairperson refuses to take futher questions from Rufus . Is this allowed?

3)After the AGM Rufus is unhappy and decides that his best chance is to remove Barry one of the directors of Subco and have himself appointed as a director. He requests the directors to call a members' meeting to put the matter to a vote.

Can he call a meeting?

What are the procedural steps he must take to call a meeting?

Rufus holds 5% of the ordinary shares in the company

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Employment Law New Challenges In The Business Environment

Authors: John Moran

6th Edition

978-0133075229

More Books

Students also viewed these Law questions

Question

=+ 5. Do Europeans work more or fewer hours than Americans?

Answered: 1 week ago