X owns 51% of the shares in X Ltd.

CIMA BA4 Question Answer

X owns 51% of the shares in X Ltd. Y and Z are the only directors of X Ltd. Which ONE of the following is CORRECT?

X can give directions to Y and Z by passing ordinary resolutions ordering them to comply with his wishes

X can dismiss Y and Z for any reason by using his majority vote

X can use his votes to amend the articles and impose new obligations on Y and Z

X can force Y and Z to declare a dividend

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