A deed administrator does not have power under Schedule 8A, clause 2(zc) to allot and issue new shares; that power authorises only contracts for the sale of existing shares. Directors' power to allot shares is not extinguished by a deed of company arrangement but must be exercised consistently with the deed. An administrator's casting vote at a creditors' meeting must be exercised only after adequate independent investigation, and an administrator who accepts uncritically the information supplied by a director without adequate investigation acts improperly. A share issue pursuant to a DCA may be set aside for improper purpose where it forms part of a course of conduct directed towards wresting control from the existing shareholder.
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