The share capital of Mastermind Limited is
题型：问答题
问题：
The share capital of Mastermind Limited is equally subscribed to by Peter and Paul. Business has been on the decline and they have been advised to place the company into liquidation. Peter would like to do so and appoint Paul as liquidator. Paul is concerned about accepting this appointment.Required:Advise Paul if he can be appointed liquidator and the powers he would exercise as liquidator before the company is struck off. (10 marks)