(a)Outline the qualified minority rights of a member which can only be enforced by the joint efforts of a membership group as defined under the Companies Act. (10 marks)
(b)The Articles of X Company Ltd provide that every member is entitled to one vote for each of the first ten shares and thereafter to one vote for each additional ten shares. Jane owns one hundred shares. She transfers ten of her shares to her nine nominees to increase her voting powering general meetings. Joseph, who is the chairman at the general meeting, refuses to accept the votes of Jane’s nominees.
Advise Jane on the validity of the Chairman’s action and her right as a member.
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