Question
Family Friendly Pty Ltd is a company incorporated under the Corporations Act. The shares are held by various members of the Bond family. Currently James
Family Friendly Pty Ltd is a company incorporated under theCorporations Act.The shares are held by various members of the Bond family. Currently James Bond is managing director and owns 60% of the shares in the company. At a recent meeting of shareholders, James Bond prevented his cousin George Bond from voting following a family disagreement over other matters. George, who believes his shares carry a right to vote, wishes to enforce his voting rights. The company's constitution states that each share entitles a shareholder to have 1 vote.
Which of the following provisions of the Corporations Act could George utilise:
a. | Amend the constitution so that George can vote | |
b. | Remove James Bond as a director using George's voting power as a shareholder | |
c. | Enforcethestatutory contractwhich George is a party to | |
d. | Take legal action because as a promoter,James Bond has engaged in misleading and deceptive conductin breach of theCorporations Act |
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