【分析解答题】

AB

C、Limited is a private limited liability company having 99% of its issued shares subscribed to by JohnAbela and the remaining 1% by his brother PaulAbel
A、PaulAbela also holds the post of director together with his brother. PaulAbela passed away in January 2007 leaving his brother JohnAbela as his sole heir.Despite such events

AB

C、Limited has continued to trade.Required: (a)Explain whether

AB

C、Limited can continue to exist with a sole shareholder; and (4 marks)