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2. SRI Sdn. Bhd. (SRI) operates a Chinese restaurant. One of the directors, Wong, owns a similar business not far away from SRI but
2. SRI Sdn. Bhd. (SRI) operates a Chinese restaurant. One of the directors, Wong, owns a similar business not far away from SRI but does not disclose to SRI's board. Does Wong in breach of any provision of the Companies Act 2016 when he makes such business decision? Whether there is any action could be taken against Wong by SRI? Discuss whether there is a breach of director's duty on disclosure of interests in the case of Wong and how he could rectify the situation. (30 marks) Note to question 2: In advising the parties, reference must be made to the provisions of the Companies Act 2016. Students are advised to follow the 3-step approach in answering scenario question of all law courses: (i) (ii) (iii) Issue Law and application Discussion and Conclusion
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