Jane, Jesse and Julian are all minority shareholders of JKL Ltd. The directors of JKL Ltd want to prevent the minority shareholders objecting to their decisions in the future so they decide to compulsorily purchase Jane, Jesse and Julians shares.The directors intend to change the constitution of JKL Ltd so that there is a new clause enabling the directors to acquire shares of existing shareholders at their discretion.

Advise Jane, Jesse and Julian whether there are any legal grounds which they can use to object to the changing of the constitution to include that clause.

(Identify and reference the key features of Australian corporations law and requirements to analyse issues and risks relating to nature of a company; company registration; promoters and pre-registration contracts; company constitution and replaceable rules; contracting with others; fundraising; share capital; member meetings; corporate management; directors duties; member remedies; bankruptcy and insolvency).