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1 . Explain to Michael, who is a newly appointed director of a public listed company, the following matters concerning the Companies Act 2016. (a)
1 . Explain to Michael, who is a newly appointed director of a public listed company, the following matters concerning the Companies Act 2016. (a) A resolution passed by a simple majority. (10 marks) (b) The procedure of resignation involves only one director or the last remaining director in the company. (20 marks) (c) Discuss the exceptions provided in section 208 and section 209, where a single director may resign from his ofce by giving written notice to the company at its registered office. (20 marks) Aziz, Ban, Chloe, and Daniel are the directors of TUTA Bhd (the company). They were appointed as directors two years ago. Chloe is the managing director of the company. Two weeks ago, Chloe, who turns 71 years old, entered into a contract on behalf of the company to purchase ofce stationery from the company supplier, Cosmos Sdn Bhd, for RM100,000. Last week, following an argument among the directors at a board meeting, Ban, Chloe, and Daniel decided to remove Aziz as a director. A notice signed by Ban, Chloe, and Daniel was sent to Aziz stating that Aziz had been removed as a director with immediate effect. Advise Chloe and Aziz, who wish to know the following: (a) Based on the Companies Act 2016, the circumstances when a person shall not hold office as a director of a company. (20 marks) (b) Whether the contract for the purchase of office stationery can be invalidated on the claim that Charlie was \"disqualified to act as a director\" of the company. (20 marks) (c) Whether the removal of Aziz as a director is valid. (10 marks)
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