Company Law

Addy, Edward and Rajah are directors of ABC Ltd, a company dealing in the manufacture of radiators. They hold 60%, 20% and 10% of the shares respectively. Fletcher and Johnny owned 5% respectively. Addy has been the company’s managing director for 12 years and is also a chartered accountant. Recently, ABC Ltd lost one of its biggest customers, YAVOO Ltd. Edward and Rajah are extremely concerned about this, as they believe that this could lead to severe financial difficulties for the compan...