ACCA · Question 21 · Corporate and Business Law
A minority shareholder in a logistics company discovers that the majority shareholder (who is also the sole director) has been fraudulently transferring company assets to a personal offshore account. The company itself will not sue the director because the director controls the board. What legal action can the minority shareholder take to recover the assets for the company?
Answer options:
Bring a claim for unfair prejudice under Section 994.
Bring a derivative claim under Part 11 of the Companies Act 2006.
Apply for the compulsory liquidation of the company.
Sue the director personally for breach of contract.
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