 3801 Ltd brokan the Law?
The RTMs view, as I understand it, is that the management changes that
occured are illeagal. I believe (from reading Februarys RTM mail, and other
sources) this is because the changes exclude the RTM and ARHS from having
any members on the board, even though they are management members of the
company. The changes (as stated in feb RTM mail) basically allow the company
to be run by a group of individuals, that are accountable to nobody.
Dave Malcolm
"Tony M" <steamnswgrm.au> wrote in message
news:1146646274.284382.265990@u72g2000cwu. o...
> Hi all,
>
> Just need a bit of help. Got the new Roundhouse today and in the
> section labelled 'Clarification', the following is printed:IN the
> Feburary RTM mail, in relation to moves by 3801 Ltd to prevent the
> election to the commitee of nominees of the Management Members, I (RTM
> presedent) said that we "wrote to the Austalian Securities and
> Investment commission (ASIC) who responded agreeing with our
> interpretation of the law". ASICs formal reply said it had 'issued a
> formal waning letter to the company (3801 Ltd)' The advice ASIC agreed
> with us on the legal issue was given to me orally by the ASIC officer
> dealing with the matter. Asics lettre also said "....This does not
> prevent you from pursueing any civil remedis otherwise available to
> you"
> This is all legal mumbo jumbo to me but am I right when i say this has
> somthing to do with that extraordinary general meeting thing that was
> up here a little while back? and does it mean that 3801 lt have brokan
> the law?
>
> Thanks, Tony
>
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