Which of the following statements is incorrect in relation to the revised derivative action under section 260 of the Companies Act 2006?

Which of the following statements is incorrect in relation to the revised derivative action under section 260 of the Companies Act 2006?

(i) The action may be brought by a single shareholder.

(ii) The action may be brought in relation to an act of negligence by the directors.

(iii) The action cannot be brought in respect of a proposed act by the directors.
A . (i) only
B . (ii) only
C . (iii) only
D . (ii) and (iii) only

View Answer

Answer: C