All shareholders agreed for the company’s purchase of one’s shares. One said this was void, that the formalities had not been followed, the company said all the shareholders agreed. The court held the formalities protected others also; the deal was void.
Citations:
Gazette 12-May-1999, [1998] 1 BCLC 193
Statutes:
Jurisdiction:
England and Wales
Company
Updated: 07 December 2022; Ref: scu.85861