Question
Question 15.2 On 1 February 2022, Rita entered into an agreement to sell her 10,000 shares in Counter Bhd to Sally. Sally paid Rita the
Question 15.2
On 1 February 2022, Rita entered into an agreement to sell her 10,000 shares in Counter Bhd to Sally. Sally paid Rita the purchase price of RM25,000 for the shares on 5 March 2022. Sally lodged the transfer with the company on 13 March 2022. The shares were transferred to Sally on 29 March 2022. Discuss the following separately:
(a) When did Sally become a member of Counter Bhd?
Answer
(b) Assuming that the company is paying dividend on the shares on 15 March 2022, should the company pay the dividend to Rita or Sally?
Answer
(c) Assuming that the shares are not fully paid up, leaving a balance of RM4,000. The company wants to call on the unpaid sum. Who is liable to pay the RM4,000 to the company?
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