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SAFPL has two classes of shares on issue ordinary shares and A Class shares. Under the terms of the SAFPL constitution, each A Class share
- SAFPL has two classes of shares on issue ordinary shares and A Class shares. Under the terms of the SAFPL constitution, each A Class share currently carries an entitlement to vote on any resolution to amend the companys constitution. The directors of SAFPL would like to have the constitution amended so that A Class cannot vote on constitutional amendments. Is this possible? If so, what would be required to make that amendment?
See HRS [7-340] and s246B of the Corporations Act
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