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Glad ltds member had set up a rival business so other members decided to expell him,
They propose to alter the articles to include new power,’require any member to transfer their shares for Fair value to other members upon the passing of the resolution to do so’The correct statement says that ‘this proposed alteration is likely to succeed as it is in bona fide interests of the company’
I dont get it sir how could it succeed keeping Dafen tinplate case in mind, isnt the proposed alteration invalid as it requires ANY MEMBER to transfer shares…
I don’t like that answer either, assuming that you have copied it correctly
I’m not concerned about the current individual and his / competing business
But what about the innocent individual hypothetical member of the future
No, I don’t like that answer at all
Sorry
OK?
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