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Question

A shareholder in the company that owns 5% of the shares issued by

the company has been complaining lately, that the directors had refused to pay dividends for the past 4 years and is concerned that in that time they have rewarded themselves with bonuses. 


Required:


Please advise the company of the above and what the company should do. In your answer please refer to relevant case law and legislation

Step-by-step answer

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