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Hi Sir,
I am confused about the answer for the mock exam in opentution.Q: which one of the following is not a ground for the court to order a compulsory winding ip against Marjorie plc?
A) marjorie plc suspended business operations 15 months ago
B) Albert, the only surviving member of the company has just celebrated his 60 th birthday
C) two of the original threes directors resigned seven months ago and the remaining director has been far unsuccessful in trying to find suitable replacements.
The answer is C)
But why it isn’t it B)
Please clarify Sir.Thanks!
A is clearly grounds for the Court order
Option B … I’m in the process of checking to make sure that recent activity in company law has not changed the minimum number – from what I can see at the moment, it’s still a minimum of 2 members … but that could change! Watch this space!
C – since relatively recently it’s acceptable for a public company to have just 1 director – but I’m also checking this
OK?
But Sir for study notes we have learnt that the minimum no: of members in plc is 1 and directors is 2.
Considering this B) should be the answer right?.
Thanks!
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