Question
1.Discuss the reasons a person may be disqualified from acting as a director of a company without the leave of court. 2. In relation to
1.Discuss the reasons a person may be disqualified from acting as a director of a company without the leave of court.
2. In relation to a public company, explain the term directors service contract.
3. Discuss the rules on the passing of the members resolution in the context of a private and public company under the provision of the Companies Act 2016.
4. In relation to the scheme of arrangement and reconstruction, elaborate on the term dissenting shareholders as stated in Section 371 (12) of the Companies Act 2016.
5. Explain the term pre-incorporation contract in relation to the Companies Act 2016 and its effect on the company.
6. Explain the term solvency test in relation to the reduction of the share capital of a company.
7. In the context of the Companies Act 2016, section 221(1) states that every director who is directly or indirectly interested in a contract with the company shall declare the nature of his interest at a meeting of the board of directors. Advise how the director shall declare his interests.
8. Jaya Sdn. Bhd. (Jaya) is a subsidiary of Delta Bhd. (Delta). Jaya has decided to remove its company auditor before the expiration of term of office in order to conform to the wishes of Delta, its parent company. Advise the board of directors of Jaya on the procedure to remove the existing auditor, and on the appointment of a new auditor for Jaya.
9. Aaron is a Singaporean and currently resides in China. Jamie is a Malaysian who had been declared bankrupt by the High Court two years ago. Both of them have good reputation as directors with great experiences to transform ailing companies. Advise whether they could be appointed as directors for a newly registered company in Malaysia.
10. Harun, one of the directors of a company, is aware of the procedure at meetings. However, he is unsure of the significant change in the quorum of meetings as provided in the Companies Act 2016. (a) Explain to Harun about a valid quorum in the case of a company having: (i) Only one member. (ii) Two or more members. (b) For the purpose of constituting a quorum at meetings, advise Harun on the related provision provided in the Companies Act 2016.
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