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Holiday Ventures Sdn . Bhd . ( the Company ) is a tour operating company having its registered office in Nilai, Negeri Sembilan. The Company
Holiday Ventures Sdn Bhdthe Company is a tour operating company having its registered office in Nilai, Negeri Sembilan. The Company has an issued and paidup capital of RM divided into ordinary shares of RM each. The shareholding structure of the Company is as follows:
Member Shareholding Proportion Percentage
tableDato Karim cum directorMdm Lizzy cum directorMr Jimmy,En Helmi,Mr Siva,
On May En Helmi served a written notice to its directors to convene a meeting for the purpose of closing one of the branches of the Company, which was located in Bangi, Selangor. Following such notice, the directors did not take any action and on June En Helmi decided to issue a notice of the meeting to the Company's members themselves. The meeting was subsequently held on July
At the meeting, only three members were present: En Helmi, Mr Jimmy and Mdm Lizzy. After the meeting was called to order, Mr Jimmy quickly left the venue, citing some family emergency that he had to attend to An ordinary resolution was then passed by the remaining members present at the meeting to close the Company's branch in Bangi.
The members who did not attend the meeting were unsatisfied and claimed that there were irregularities in the convening and conduct of the meeting.
Analyse the issues involved.
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