Question
EPIC is a private limited company engaged in the Furniture Manufacturing Sector. The shareholders are Errik who owns 60% of the shares, Penny - 20%
EPIC is a private limited company engaged in the Furniture Manufacturing Sector.
The shareholders are Errik who owns 60% of the shares, Penny - 20% , Ital - 10% and Carlos owning the remaining 10%. Errik and Penny are directors of the company along with Errik's friend Tony who was recently appointed to the position of director. Ital found out that Tony was deported from Canada, having declared bankruptcy and convicted of defrauding a company that he managed of CADS$250,000 while living in Canada. Tony served a four (4) year prison sentence before his deportation.
Advise EPIC Limited on the following
- i) Whether Tony falls into the category of persons who cannot be appointed as directors in Jamaica.
- ii) The procedure for removing Tony as a director of EPIC Limited.
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