Nov 10, 2015
Lack of quorum - apply under Section 182 CA?
- Majority shareholder called meeting
- Other shareholders refused to attend
- Majority shareholder applied under s182CA to hold EGM of one
- SGHC said: s182 required impracticability, and shareholders not wanting to attend constituted impracticability.
- SGHC also rejected the argument that a different approach should be applied to family companies, and found no evidence that the company should be run by consensus.
Lim Yew Ming v Aik Chuan Construction [2015] SGHC 101