Blue Belle Pty Ltd has six shareholders including Adriano who

owns 15% of the voting shares. Blue Belle Pty Ltd has no

constitution and relies on the replaceable rules.

Adriano calls a

meeting of members under section 249F of the Corporations

Act. While he complied with all the notice requirements, none

of the other shareholders attend the meeting.

Adriano can

validly conduct business at the meeting because 15% of the

voting shares are present at the meeting (i.e. the 15% owned by

Adriano). Section 249F provides that the minimum number of

voting shares needed to be represented before conducting

business is 10%

Answer: