A company's issued share capital consists entirely of ordinary shares, held as follows: None of the shareholders
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A company's issued share capital consists entirely of ordinary shares, held as follows:
None of the shareholders are associated in any way.
(a) Is the company a close company?
(b) Would the company be a close company:
(i) if Penny were a manager, or (ii) if Penny were Richard's daughter, or (iii) if Penny were both a manager and Richard's daughter?
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