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Q. Suggested actions for addressing phoenix activity?
The following actions are suggested for addressing phoenix activity. Those that have been suggested are the actions that:
- received significant support in stakeholder consultation
- are proportional to the identified scale of the problem of phoenix activity
- on the information available, are most likely to be effective in addressing phoenix activity.
Issuing shares at a discount: In Ooregum Gold Mining Co of India Ltd v Roper (45) the House of Lords held that it is illegal for a limited company to issue its shares at a dis
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