Question
Ella doesn't want Tony to increase his shareholding in FJC because, Tony has always disapproved of Ella's way of running the company. Ella therefore decides
Ella doesn't want Tony to increase his shareholding in FJC because, Tony has always disapproved of Ella's way of running the company. Ella therefore decides that she will take up some of the new shares herself and the rest is offered to people who she has met in an online music chat room. Tony is not offered any shares. All of the $1.5million is raised.
When Tony learns what has happened, he is very unhappy and he seeks your advice about his rights under s 140 (breach of the constitution), s 232 - 234 (oppression) and s 461 (winding up).
From these, choose and then discusstwoways that Tony could bring legal action against the company with regard to the share issue, and advise whether you think he will be successful.
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