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Jen and Brad Park are married to each other and are media consultants. Justine Thime is a venture capitalist who has been introduced to Jen and Brad....
1.Jen and Brad Park are married to each other and are media consultants. Justine Thime is a venture capitalist who has been introduced to Jen and Brad. Jen, Brad and Justine agree to incorporate a company to run a startup multimedia advisory business. They agree to incorporate a company, Smart Communications Ltd (SML) under the Companies Act 1993. Justine will hold 20 per cent of the shares in SML: Jen and Brad will each hold 40 per cent. All three of them agree to be appointed as the first directors of the company. Justine indicates that it is her business practice to disinvest her investments usually within a three to five year time scale
You are an advisor to Justine.
Required:
Identify and explain any 3 provisions which should be included in SML's constitution which will benefit Justine. You should use accurate statutory references.
