Business law 416

QUESTION 2 Halim, Hussein and Hassan are shareholders and directors in 3H Co, a manufacturing company. Two years ago, 3H Co borrowed RM1.5million from Bank Teguh to expand the company's business. Last week, Hassan received a letter addressed to him from Bank Teguh demanding repayment for the loan, as 3H Co has not paid the loan. Bank Teguh intends to sue Hassan if he fails to make payment in two weeks. Meanwhile, Halim has been using a land which belongs to 3H Co to run a carwash business and kept the profits for himself. Hassan is not satisfied with Halim's action as the land was supposed to be for other projects which would generate income for 3H Co. To make matters worse, Hussein died after suffering from cancer. Hassan wants to know whether Hussein's death affects the existence of the company. He is also worried about being sued by Bank Teguh and wants to know if Halim can be stopped from using the company's land. Advise Hassan on the above situations by applying the Companies Act 2016 and relevant cases. (20 marks)