20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

company law

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

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
November 11, 2016 at 7:40 pm #348498
firelion28
Member
- Topics: 159
- Replies: 83
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
- Replies: 23333
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
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.