45. Any company’s document shall be signed by THREE directors. …………… 73. In matters relating to the purchase of property, if deemed appropriate, the members

45. Any company’s document shall be signed by THREE directors. …………… 73. In matters relating to the purchase of property, if deemed appropriate, the members of the company shall have the right to revoke the director’s decision. Rock, Hulk and Bull are PSB directors. They passed a director’s resolution for PSB to buy a piece of land. The decision was challenged by Loan Shark Finance (LSF) which is a PSB’s creditor. The LSF claimed that the transaction was not profitable for PSB. LSF urged the PSB’s directors to overturn the decision but they ignored it. Hulk really likes to climb mountains. Every time he joined a mountaineering expedition, he would go on vacation for several weeks. This situation sometimes causes difficulties for Rock and Bull to settle PSB matters. They meet you and express their intention to sign a supply contract without waiting for Hulk to return from his expedition. Rock and Bull also wish to propose that PSB shares be offered in ordinary and preference shares. They ask you about the differences between the two in terms of the right to receive dividends and the right to vote in a member meeting. Analyse the above story based on the Companies Act 2016 and related cases (if any).