Question
Hari, Henry and Heng are the directors of Halifax Sdn Bhd (Halifax). Hari holds 60%, Heng holds 30% and Henry holds 10% of Halifax's paid
Hari, Henry and Heng are the directors of Halifax Sdn Bhd ("Halifax"). Hari holds 60%, Heng holds 30% and Henry holds 10% of Halifax's paid up share capital. Heng is unhappy over the way Hari manages the company as he does not consult him on any decisions made. Furthermore, Hari does not inform him of any board meetings held in the company. To make things worse, Heng is unhappy since at the recent general meeting, he was removed as a director of the company. In fact, at the time the company was formed, Hari approached Heng to invest in the company on the understanding that he will be appointed as a director of the company. Advise Heng on the action that can be brought against Hari.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started