277017871 - AF3507CompanyLaw SeminarQuestionsWeek3 Please...

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AF 3507 – Company Law Seminar  Questions -- Week 3 Please prepare presentations answering the following questions. Group A  should present on Question 1, Group B on Question 2,  et cetera. You are reminded that presentations are a group exercise and all members of  the group are expected to be actively involved. Any member of the group may  be required to present on behalf of the group. Question 1 The directors of ABC Ltd. are A and B, each of whom owns 40% of the  company’s issued share capital. The remaining 20% is owned by C. A and B  have discovered that C has been carrying on business in direct competition  with ABC Ltd. Consequently, and despite the objection of C, the articles of  association of ABC Ltd. have been altered to include the following provisions: Article 10:  ‘Any director, who considers a shareholder to be competing  with the company, may require that shareholder to sell his  shares’. Article 11
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277017871 - AF3507CompanyLaw SeminarQuestionsWeek3 Please...

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