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TOPIC 9: MEMBERS REMEDIES Betty is concerned about this as she believes that it will reduce the profits and reduce the dividends to her family. Betty...
QUESTION: In the case study concerning Racing Parts Pty Ltd, please answer the following questions that Betty has asked: 1.Why is Tiger Lily Investments Pty Ltd a preference shareholder and not an ordinary shareholder of Racing Parts Pty Ltd? 2. Can Laurence amend the constitution to reduce the preference dividend rate to2%? 3.Assuming Laurence can amend the constitution, can the preference shareholders, Tiger Lily Investments Pty Ltd take action against the company to prevent this? Required: Please answer Betty’s queries. Your responses must be in relation to the case study. Merely stating the law will result in no marks. You must apply the law to the facts of the case study. Please follow format on https://www.dlsweb.rmit.edu.au/bus/public/company_law/writing.html (including legislation law eg: s311, and case law). word count is 500 words.
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