- 1 Marks
BCL – L1 – SA – Q82 – Company Directors
Question
The managing directors hold the shares of the company.
A Deemed
B Equity
C Qualification
D Preference
Answer
C
Explanation:
The correct answer is C because managing directors are often required to hold qualification shares, a minimum number of shares to ensure their commitment to the company, as per the company’s articles. Deemed (A) and preference (D) shares are not typically required, and equity (B) is too general.
- Tags: Company Law, Managing Director, Qualification Shares
- Level: Level 1
- Uploader: Samuel Duah