• In 2020, A and B incorporated a private company “Cash & Carry ltd”. A, B, Y and Z are shareholders of the company. A a

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

• In 2020, A and B incorporated a private company “Cash & Carry ltd”. A, B, Y and Z are shareholders of the company. A a

Post by answerhappygod »

• In 2020, A and B incorporated a private company “Cash &Carry ltd”. A, B, Y
and Z are shareholders of the company. A and B are the onlydirectors of C
ltd.

• Y and Z have now each acquired a minority shareholding of 10%and 15%
respectively in the company. They are unhappy with the level ofbonus
payments that the directors of the company are paying tothemselves.

• Advise Y and Z as to what action they can take in respect ofthose
payments.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply