Question
In January 2019, Alan and Bubu were appointed as promoters for PrintForMe Sdn Bhd, a new company that will operate a printing services business in
In January 2019, Alan and Bubu were appointed as promoters for PrintForMe Sdn Bhd, a new company that will operate a printing services business in Georgetown, Penang. Caca and Marba are PrintForMe Sdn Bhd's soon-to-be directors and shareholders.
To celebrate PrintForMe Sdn Bhd's grand opening in March 2019, Alan and Bubu ordered some flowers and decorations from Alan's florist sister worth RM2,000 (as a gift to the new company). During PrintForMe Sdn Bhd's general meeting in May 2019, Caca and Marba declined to ratify the contract.
As their business grew, in November 2019 Caca signed a contract with Epson Malaysia to purchase 5 industrial printers, priced at RM6888 each. PrintForMe Sdn Bhd'sArticles of Associationrequire theconsent of both directors for any purchase exceeding RM10,000 in value. The printers are being delivered on 20 December 2019 to their office. Can Marba cancel Caca's order? based on Companies Act 2016 Malaysia or equivalent legislation/ laws.
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