Supposing someone wanted to gift shares to their husband who is not a qualified accountant whilst the wife,who is FCCA, will own the majority.
Husband will not be a director. Ever. But does work in the business part time.
Why am I thinking ACCA would permit this as long as ACCA members own at least 75%? But elsewhere I read about it only being a concern, ie a bar, if non qualifed spouse is a director - ie they wont allow that?
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The ACCA member(s) must have majority shareholding.
http://www.accaglobal.com/content/dam/acca/global/PDF-members/2012/2012c...