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Advance Accounting Uimlted is a public cotupany providing accounting services and taxation advice. Advance Accounting timited is tadng fierce competisige from a competitor company called

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Advance Accounting Uimlted is a public cotupany providing accounting services and taxation advice. Advance Accounting timited is tadng fierce competisige from a competitor company called RapidAccounts timited. Rashid decides to hold a meeting of the board of Directors of Matuance Accounting limited in order to resolve that 5106,060 be apent on a contract with an advertising company to run a canpalgn to makin the public more aware of the services provided by Advance Accounting Himited. Pushpa is also a Director of Advance Accounting Limited. Pushpe is opposed to the proposed strategy and votes agalist it at the meeting of the Boand of Directors. At the meeting. Pushpa daims that the strategy will affect the the ability of Advance Accounting Limited to pay its debs when they fall due. All the other Directors support Rashid's resolution and it is passed. Pushpa is the only Director of Advance Accounting Limited to oppose the revolution. Later in the same meeting. Pashid claims that Pankpa is a "spy" for PapidAccounts Limited and is not acting in the beet interests of Advance Accounting Limited. Before the end of the meeting, Ranhid proposes another resolution that Advance Accounting timited compuliorily acquire all of Pashpa's shares in Advance Accounting timited for a price of 57.00 per share. Pushpa had bought theses shares for $200 per thare and so she would score a healthy profit, However, on the day of the meeting. the stock market price for shares in Advance Accounting Limited was 510.00 per share. The other Directors of Advance Accounting Limithd agree with Rashid and the resolution is passed. Rashid and the other Directors diim that this this action is urgent and necessary to prevent Pushpa from cusing trouble for Advance Accounting Limited

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