A family owned unlisted public limited company has all its family members exclusively as its share holders and some out of them are directors. Now how to handle SBO issues. (Sec 89-90) .
Additionally, in each decision-there will be a conflict of interest, as their 100% owned LLP sources materials from them and export. The same set of shareholders and only 2 out of 3 directors of unlisted public limited company , are directors of this LLP. A complex cobweb.
Seen certain communities are excessively exposed to this type of business format.
