4:19 PM Tue 9 May on .n '.~'100%\\:\\- coursehero.com tcument missing answers? _ . Get answ : answers and explanations from our expert tutors Question Six Lexi owns 65% of the shares of AusBank Ltd. AusBank runs a banking business and the directors have recently announced that they passed a directors' resolution to purchase an office building in Sydney for its headquarters. Lexi is furious when she hears about this announcement as she believes the company should be headquartered in Brisbane. She makes a request under section 249D of the Corporations Act in order to pass a shareholders' resolution to overturn the decision to buy the building in Sydney. Which of the following is correct? (a) The directors must arrange and hold the meeting in accordance with section 249D. (b) The directors can ignore the request because the meeting is being held for an improper purpose (i.e. to interfere with management decisions). (c) Lexi has no right to make a request under section 249D because she is a majority shareholder. (d) If the directors decided to proceed with the meeting under section 249D, Lexi would have to pay the costs of the meeting. (e) If the company's AGM was scheduled, Lexi could attend the AGM and with no notice ask the shareholders to vote on a resolution to overturn the decision to purchase the building in Sydney