Question
1. A prospectus was approved and issued to offer to the public. It carries misleading information on a rights issue of 50 million shares of
1. A prospectus was approved and issued to offer to the public. It carries misleading information on a rights issue of 50 million shares of a public listed company. Explain the issues and discuss who is liable for the misleading information. Justify your answer with reference to the provisions of the Companies Act 2016 and Capital Market Services Act 2007. (40 marks) 2. The Securities Commission (SC) has directed a company, to provide the SC immediately, the information concerning any person who has an interest in any of the voting shares in the company. Advise the board of directors of the company on the provision of the Companies Act 2016 which gives power to the company to require disclosure of beneficial interest in its voting shares. (40 marks) 3. Hana Berhad (Hana) provides security to Bank Baba (Baba) in return for Babas lending of loan to Mama Sdn. Bhd. (Mama). Both companies, Hana and Mama, have Martini and Martin the directors. Discuss the situation in relation to corporate governance and justify your answer. (20 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started