Question
One of the two directors of a private company died in a car accident. The last remaining director wishes to resign from office. Discuss whether:
One of the two directors of a private company died in a car accident. The last remaining director wishes to resign from office. Discuss whether:
a) the sole director can vacate the office. (15 marks)
b) the single-director board is still valid. (15 marks)
Support your answer with reference to the provision of the Companies Act, 2016.
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
