Question

A company was in great need of further capital .the majority representing 98%of the share capital were willing to provide thr capital if they could buy up the 2% minority. the majority passes a resolution altering the articles and enabling them to purchase the minority shares .examine the legality of the alteration.
​

Answer 1

Answer:

A company was in great need of further capital .the majority representing 98%of the share capital were willing to provide thr capital if they could buy up the 2% minority. the majority passes a resolution altering the articles and enabling them to purchase the minority shares .examine the legality of the alteration.