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Bricks Pty Ltd manufactures bricks and supplies them to builders across Australia. The company does not have a constitution and instead relies on the replaceable

Bricks Pty Ltd manufactures bricks and supplies them to builders across Australia. The company does not have a constitution and instead relies on the replaceable rules in the Corporations Act. Due to a shortage of raw material, sales to builders are falling and the company is not making a profit. The board of directors decide that the company will close down its brick business entirely and start a new and separate company instead. There are four directors in Brick Pty Ltd, they all own 25% of the shares each. One of the directors, Amy, disagrees with shutting down the company and has indicated that she will not vote for a resolution that allows for this to happen.

REQUIRED: Advise the directors as to the process of calling a directors meeting and tabling a resolution to shut down the company. You must discuss whether Amy's 'no' vote will prevent the company from shutting down. Cite the Corporations Act in your answer.

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