Question
Carine, Hoon, Tyna and Pandian were directors and equal shareholders of a technology start-up company. Hoon recently resigned from his directorship due to disagreements about
Carine, Hoon, Tyna and Pandian were directors and equal shareholders of a technology start-up company. Hoon recently resigned from his directorship due to disagreements about the company's strategic directions. The other directors then wanted to get rid of Hoon as a shareholder. He refused to sell his shares. Then the three directors convened a general meeting of the shareholders and passed a motion to insert a clause in the company constitution which allowed them the right to compulsorily acquire Hoon's share for their issued price.
a) Discuss the process for inserting a new clause in the constitution. (5 marks)
b) Can Hoon stop the other directors from removing him from the share register? Why/why not?(5 marks)
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