Question: Hi there, would i please be able to have some guidelines on how to answer this question and what relevant laws to use. Model Haircuts

Hi there, would i please be able to have some guidelines on how to answer this question and what relevant laws to use.

Model Haircuts Pty Ltd. is a very successful hairdressing business. The company was formed with five members in 2015. The five members have an equal shareholding of 20% each.

There are two company directors Elle and Belle. The company has a constitution, which provides for the retirement of directors after 3 years. Any member may stand for election as a director. Directors may be appointed or reappointed at the annual general meeting.Billy is a member and wants to nominate for election at the next annual general meeting. Although he is an excellent hairdresser Billy has no business or finance experience.

The two incumbent directorsElle and Belle issue additional shares to themselves prior to the general meeting. The effect of the issue is to alter the voting power and make it impossible for Billy to be elected.

Advise Billy about his legal rights. Refer to relevant statute law and case law to support.

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