Renong Sdn Bhd is a construction company located in Klang. They needed to carry out some renovation for their office. They needed capital loan for larger contracts. The owner, Jim had bad credit due to bankruptcy declaration by the court 7 years ago. He could not secure funding from any bank due to this.

Advise Jim as to how he could secure capital loan for the company.

a.Define with your own words. Do not cut and paste from website.

b.Answer using the ILAC question formula.

c.Both the questions require a discussion of Company Law.

d.Extensive research needs to be done by students.