Highlights
Task:
QUESTION
Peter Jones is a 5°/a shareholder in Sparkles Ply Ltd, a company that makes and sells custom jev, cllerv_
The constitution of Sparkles Pty Ltd Sia that thy' Aliiilla ( al Meeting must be held at a stipulated address in Brisbane.
Peter has also learned that Roger, one of the directors and CEO of Sparkles Pty Ltd, entered into a contract on behalf of the company under which thc company sold a rare sapphire to his nephew for $ 5 000, whereas in fact the stone is worth S 100 000, He has also learned that inna, another director of Sparkles Ltd, is about to use S 10 000 in company funds to buy herself a new lounge suite (but has not yet done so)
Peter has received a notice of the next AGM stating that it ill be held in NteIhourn,e. where most of the directors live,
Peter wrote a letter to the board complaining about the company's decision to hold the A(iN1 inM !elbourne. about the transaction Roger enicied into And the one Irma is about to enter into Mc Company Secretary wrote back -ia% ing that tht: Hoard ‘.,N, as Firm in its decisions to hold the AG,M in Melbourne and that it would h Liking no at it ger hula
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