问答题 ABC Limited is a private limited liability company having 99% of its issued shares subscribed to by John Abela and the remaining 1% by his brother Paul Abela. Paul Abela also holds the post of director together with his brother. Paul Abela passed away in January 2007 leaving his brother John Abela as his sole heir. Despite such events ABC Limited has continued to trade. Required:

问答题 (a) Explain whether ABC Limited can continue to exist with a sole shareholder; and (4 marks)

问答题 (b) Explain who, and on what grounds, may take action on the basis of Article 214 of the Companies Act, 1995 to place ABC Limited into liquidation. (6 marks)