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If members and shareholders are one in the same…which of them can request a compulsory winding up of a company?
There is an ACCA question on Specimen paper that asked :
Which of these can not request compulsory winding up :
Secretary of State
And members was the correct answers …i’m a bit confused kindly clarify, thank you.
99% of the time the two expressions are used as though they were exact synonyms
But, in fact, they aren’t
It is possible to be a member but not a shareholder and …
…. it’s possible to be a shareholder but not a member
Don’t worry about it – at ACCA F4 level (and beyond) treat the two as meaning exactly the same