1.One of the advantages of forming a limited company is that the company becomes a legal entity, separate and distinct form the members. However, the veil of incorporation may sometimes be lifted. Analyse this statement with reference to relevant sections and the decided cases.(20 marks)

1. Describe the rules for naming a company under the Companies Act 2016.

(10 marks)

3.In December 2018, Rosy, Nancy and Susie decided to form a private limited company under the name of Ronansie Sdn Bhd in a wedding planner business. On 20 December 2018, Rosy entered into a contract with Rainbow Garments Sdn Bhd to order 100 pieces of wedding gown for Ronansie Sdn Bhd. She signed the contract on behalf of the proposed company. The said contract is worth RM 88,000. Ronansie Sdn Bhd was then incorporated on 12 February 2010. The company refused to ratify the contract due to financial constraints. Rainbow Garments Sdn Bhd wants to know its rights against Ronansie Sdn Bhd based on the aforesaid contract.

If Ronansie Sdn Bhd ratified the contract but refused to pay subsequently, could Rainbow Garments Sdn Bhd bring any action against Rosy?

Advise Rainbow Garments Sdn Bhd with reference to relevant sections and the decided cases. (15 marks)