Question
1.Describe share capital and debt capital. b.Describe on the term 'charge', the types of charge and also 'crystallisation'? c. A company can issue various types
1.Describe share capital and debt capital.
b.Describe on the term 'charge', the types of charge and also 'crystallisation'?
c. A company can issue various types of shares with different rights attaching to each type of shares. Describe the following types of shares: preference shares; redeemable preference share; and ordinary shares?
d.Discuss on how a director can be removed from his office.
e. Ameer and Sunni were directors of Simfoni Kasih Sdn Bhd. They had passed a resolution to sell the company's land situated in Jalan Loke Yew, Kuala Lumpur for RM500,000 to MyLover Sdn Bhd. The market value of the land was actually RM1.5 million. It was found later that both Ameer and Sunni were actually directors of MyLover Sdn Bhd. Simfoni Kasih Sdn Bhd eventually went into liquidation due to its incapability to settle the debts. The liquidator now wishes to sue Ameer and Sunni.
Advise the liquidator as to the possible legal action against Ameer and Sunni.
f. Steven is the managing director of Eaglestar Sdn Bhd which is a company involved, amongst others, in the business of buying and selling land. His friend Ah Cheng had offered to sell a few acres of his agricultural land situated in Kampar to the company. Although Eaglestar Sdn Bhd was interested in purchasing the land, but owing to the current financial problems faced by the company, they decided not to purchase the land. Steven decided to take this opportunity to buy the land for himself without informing the company.
Advise Steven.
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