Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Kabur Sdn Bhd is a company that has the business of oil palm estates. According to Article 16 of the Constitution of Kabur Sdn Bhd,

Kabur Sdn Bhd is a company that has the business of oil palm estates. According to Article 16 of the Constitution of Kabur Sdn Bhd, any member that wishes to dispose his shares, must inform the company about this intention above anyone else and the company has the options to redeem the member's shares. Tom, who owns 10,000 shares is thinking of moving to the U.S as he receives an offer to start doing his business there. He wants to sell the shares to his brother and refuses to inform the company about this.

With reference to the provision of the Companies Act 2016 and case law (if any), you are required to:

1. Discuss the meaning of ultra vires

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

9781292016924

Students also viewed these Law questions