Question 1: Case Study

Tim, a member of a company desired to put forward a resolution about changing the director of the company. However, the accountant of the company mentioned to him that he cannot pass the resolution alone. Nevertheless, Tim did not take the advice of the accountant and put forward his resolution.

Required

1.With reference to Companies Act of Fiji 2015, explain the laws pertaining to members' resolutions.

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2.With reference to Companies Act of Fiji 2015, explain if Tim's resolution will be considered by the company in the above case. Provide reasons to support your answer.

Question 2: Essay: Shareholder Agreement

Write an essay answering the following questions:

1.Define shareholder agreement. Explain how it is different to articles of association.

2.Explain the reasons for preparing and providing a shareholder agreement.

3.State the items that a shareholder agreement includes. Briefly explain each of these.

4.Explain the benefits and drawbacks of preparing a shareholder agreement.

5.In your opinion, do you think preparing a shareholder agreement is desirable? Provide reasons to support your answer.