Peter and Pyne are members of Discord Ltd, a public company limited by shares. They hold6  percent of the company's issued share capital. They are strongly of the view  that John, oneof  the directors of the company, should be immediately removed. However, Peter and  Pyneare  aware that John has support among the other directors, who will prevent the  board ofdirectors  convening a meeting to consider John's removal. The Replaceable Rules of thecompany  provide that a director shall not be removed before the expiration of his/her  term ofoffice  without the authority of a special resolution of the company.

 (i) Advise the procedure to be followed by  Peter and Pyne to convene a general meetingof  shareholders to remove John as a director of the company; and
(ii)  Advise the nature of the resolution to be passed, and the notice required to be  givenfor  convening a meeting of shareholders, for the removal of John a director of thecompany.

(iii)  Assume that Peter and Pyne are successful in their bid to remove John and the  board agrees  to appoint Fred in his place. Discuss the power of the board to appoint new directors

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i The directors of a company shall not be removed before the expiration of their term of office with... View the full answer