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Minnie Mouse holds 1 % of the shares in Universal Pty Ltd. There are four other shareholders. Each of whom is also a director. Minnie
Minnie Mouse holds 1 % of the shares in Universal Pty Ltd. There are four other shareholders. Each of whom is also a director. Minnie suspects that the directors may have been personally profiting at the expenses of the company. At a recent general meeting, a resolution was passed resolving that Universal Pty, Ltd had no interest in a transaction which the directors had personally undertaken and profited from. When Minnie complained to the directors, they threaten to convene a general meeting to create a constitution giving them the power to compel her to sell her shares to them
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