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Minimum members for public company

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Minimum members for public company

  • This topic has 5 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • June 18, 2015 at 5:31 pm #257780
    Vicks
    Participant
    • Topics: 17
    • Replies: 19
    • ☆

    Hi with the CA 2006.
    Can you confirm the minimum number of members & directors and shareholders for public companies ?

    Thank you in advance 🙂 x

    June 18, 2015 at 5:54 pm #257787
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    As you rightly quote the Act (Companies Act 2006) this states that the minimum number of directors in a plc is 1 (one)

    1 (one) is also the minimum number of members

    For your purposes, “members” and “shareholders” are synonymous

    June 19, 2015 at 11:12 am #258022
    Vicks
    Participant
    • Topics: 17
    • Replies: 19
    • ☆

    Thank you for your response that has clarified the members part for CA 2006.
    However via this link https://www.legislation.gov.uk/ukpga/2006/46/part/10it says minimum director for PLC is 2 ?

    Can you confirm , thank you in advance 🙂

    June 19, 2015 at 12:37 pm #258041
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    I can’t cope with this! On the internet I find all sorts of answers for minimum number of members and directors with relevant details from around the world! India to Australia, South Africa to USA. https://www.legislation.gov.uk/ukpga/2006/46/part/10 (thanks for the link) tells me that it’s two but the internet yesterday (different page) clearly said “one” – maybe that was for Bhutan!

    Incidentally, if you knew the link and had found that it was two, why did you ask me? Am I being tested?

    June 19, 2015 at 2:44 pm #258062
    Vicks
    Participant
    • Topics: 17
    • Replies: 19
    • ☆

    I was only asking for clarification as i had also seen various answers. Thank you for your help

    June 19, 2015 at 4:26 pm #258081
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
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