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company law

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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November 11, 2016 at 7:40 pm #348498
firelion28
Member
- Topics: 159
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I have a question regarding “100 members holding, not less than GBP 100 share capital on average”
WHat if the public company has only 100 members? I know this is a silly question, but I thought of just asking it. ?
and what if there are 50 members holding an avg of 150 each
November 11, 2016 at 8:12 pm #348501
MikeLittle
Keymaster
- Topics: 27
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50 holding 150 is only 7,500 so that doesn’t cut it
There is a provision within company law for the “required percentage” to object and, from memory, that percentage is 5% in number of members or the holders of not less than 5% of the company’s shares
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