Jackie is a director of Bingo Ltd. Michelle and Barack own all the shares of Bingo Ltd between them. At the time Bingo Ltd was formed, Michelle and Barack told Jackie that he could stay on the board of Bingo Ltd for as long as he wanted to be a board member. At all material times Jackie had an expectation that he would be a board member. Michelle and Barack back out of their assurances and vote Jackie off the board. Jackie would be successful in pursuing an oppression claim under section 232 of the Corporations Act 2001 (Cth).
Correct Answer:
Verified
Q1: Only members can bring an application under
Q3: Shareholders can potentially rely on section 1324
Q4: An officer or former officer of a
Q5: The only people who have standing to
Q6: Members' personal rights are sourced from a
Q7: Which of the following could potentially form
Q8: Lulu, Bucky and Mookie are directors of
Q9: Members in a company have a number
Q10: Roch, Paco and Talbot are the directors
Q11: Why do company members need specific remedies?
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents