qn1wealthy ltd is a listed company with surplus capital that the direc

Qn1
Wealthy Ltd is a listed company with surplus capital that the director decides is not required. They wish to return this capital to the companys ordinary Shareholder in exchange for reducing the no of share on the issue, Describe briefly the various procedure provided by CA they the company could utilize.
Qn2
Directors of H Ltd have established their own business in competition with the company. They have been diverting customer from H to their business but as they hold a majority of shares in H Ltd , no member action has been undertaken to address the situation. Morris, Minor a Minority share holder of H Ltd seek your advise with respect to undertake a statutory derivation action.
Qn3
Holiday Ltd provides holidays packages for tourist in Australia Company does not have a constitution due to high value of Australia dollar, international tourist number are falling and company do not make profit .Board of director decide that company will close down its holiday business and manufacture LCD Television instead. To Fund a new business venture, the director decide not to pay dividend to the member. Member is unhappy about the new business direction and new dividend policy. They aer considering passing resolution at General Meeting reversing both director decision. Directors tell members that they will not call a member meeting and will not change their decision.
Advise member about the method available to them to call a general meeting under Corporation Act (CA)

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