Description
Lincoln University College
ASSIGNMENT
Faculty: BUSINESS AND ACCOUNTANCY
Programme :
Module: COMPANY LAW
Submission Date: 20TH JANUARY 2025
Instructions to candidate
- This assignment consists of ONE question.
- Answer ALL the question.
- Word Limit: 2000 words
Eco Cars Ltd is a company that makes and sells electric cars, and was set up in 2018 by millionaire and environmental campaigner Mr Daniel. Mr Daniel is also one of the directors. The articles of the company state the company is for the development, production and sale of electric vehicles.
Since the company was set up, millions of pounds have been invested in research. At the start of 2024, the research department coincidentally discovered a method to make diesel engines 10% more efficient. Due to the amount of money invested, Mr Daniel and the other directors agreed that they should start producing diesel cars.
Mrs Sarah is a shareholder in the company and a green activist. Having heard the recent news about diesel car emissions, she is against the company producing diesel cars as are a number of other shareholders.
Mrs Sarah has come to you for advice, including whether they can prevent the company producing diesel cars and whether any action can be taken against the directors. Discuss.
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