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important questions

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › important questions

  • This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.
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  • April 29, 2012 at 5:27 pm #52195
    wahab11
    Member
    • Topics: 30
    • Replies: 15
    • ☆

    I would like to know two things
    no.1 : bpp claims a public company must have 1 member in minimum where as lectures tell us the no. is 2, what is correct
    no. 2 : bpp book says that promoters are agents , so whom agents they are or in what regard they are agents

    April 30, 2012 at 12:07 pm #96258
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23323
    • ☆☆☆☆☆

    #1 public companies need a minimum of 2 members. It’s actually part of the statutory definition.

    #2 promoters are the agents of the people who have engaged them to form a company on their behalf. They cannot be agents of the company, because the company doesn’t exist.

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