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The concept of Cool Cooks Ltd. changing into the estate agency business might seem slightly strange, but the law will not intervene to restrain the directors from pursuing a different policy or business, even where it is a new venture in which the company has no expertise as seen in this case here. For example, in Re A Company (No 002567 of 1982) (1983), a minority shareholder in a company which objects are to engage in advertising failed in his attempt to prevent the company from using some of its surplus funds in opening a wine bar. The simplest remedy for Sheila is to sell her shares and seek a better investment, but it is unlikely that a shareholder will find a ready market for a minority shareholding in a private company unless the directors or other shareholders wish to buy the shares...
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