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Ziffle Limited has, to date, issued only 1 class of shares. It issues further shares which entitle the holders to preferential treatment in the payment

Ziffle Limited has, to date, issued only 1 class of shares. It issues further shares which entitle the holders to preferential treatment in the payment of dividends. Jill, one of the original members of Ziffle Limited and a 15% shareholder is dissatisfied with this. What can she do to protect her interests?

a.

Require Ziffle Limited to cancel the issue of new shares

b.

Sue the directors for breach of their duties

c.

Lodge a complaint with ASIC

d.

Challenge the new issue in court as a variation of her share class rights

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