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Jacqui and Bruce are the directors of a company called Karate Australia Ltd which runs a number of schools teaching students the ancient art of

Jacqui and Bruce are the directors of a company called Karate Australia Ltd which

runs a number of schools teaching students the ancient art of karate. Chuck is a

shareholder of Karate Australia Ltd and has a number of issues concerning the way in

which the karate business is being operated. Karate Australia Ltd has not called an

AGM for two years.

Required:

Does the company need to hold regular meetings? Discuss.

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