Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 Bunga Jelita Sdn. Bhd. (Bunga Jelita) is a direct sale company and a distributor of various cosmetic and beauty products. Misha, the director of

2 Bunga Jelita Sdn. Bhd. ("Bunga Jelita") is a direct sale company and a distributor of various cosmetic and beauty products. Misha, the director of Bunga Jelita is also the majority shareholder, holds 70,000 shares whereas 30,000 shares were held by Aliza and Iqbal. The Board of Bunga Jelita is keen on raising more capital for the purpose of employing more agents and distributors to increase sales due to high demands from customers. It also plans to utilise the capital to repay its creditors and to expand and upgrade its warehouse and logistics network. Consider the following separate and independent situations whether Misha has contravened any provisions of the Companies Act 2016. (a) To raise more share capital, Misha offered 100,000 new shares to her cousins, Sarah and Karim and she subscribed for additional 20,000 shares to herself. Aliza and Iqbal were unaware of the new issue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

7th Canadian Edition Volume 2

1119048478, 978-1119048473

Students also viewed these Law questions

Question

List one of the facultys publications in APA style.

Answered: 1 week ago