Question
As at 30 June 2020, Jason Ltd owns 40% of the voting shares in Derulo Ltd. The remaining 60% of the shares in Derulo Ltd
As at 30 June 2020, Jason Ltd owns 40% of the voting shares in Derulo Ltd. The remaining 60% of the shares in Derulo Ltd are owned by a few large shareholders. Jason owns an option which gives Jason Ltd the right to acquire an additional 30% of the shares in Derulo Ltd. The option is currently exercisable and out of the money. Jason Ltd is actively involved in the operations of Derulo Ltd. Does Jason Ltd control Derulo Ltd?
| Jason Ltd does not control Derulo Ltd as it is not currently involved in making decisions in Derulo Ltd.
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| Jason Ltd controls Derulo Ltd as the remaining shareholders are widely dispersed suggesting that they are unlike to vote as a block.
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| Jason Ltd does not control Derulo Ltd as it owns less than the majority of shares in Derulo Ltd.
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| Jason Ltd controls Derulo Ltd as it has power over the majority of shares in Derulo Ltd.
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Mis And Edp Auditing For Accountants And Auditors
Authors: Srv
1st Edition
9993730351, 978-9993730354
