Question
Sam, Ramu and Wilson are the shareholders and members of Mentari Sdn Bhd. Each of them holds 33% of the shares in the company. The
Sam, Ramu and Wilson are the shareholders and members of Mentari Sdn Bhd.
Each of them holds 33% of the shares in the company. The object clause of the
company states that the company is involved in the manufacturing of metal and steel
scarp.One of the clauses in the articles of association of Mentari Sdn Bhd provides
that Sam shall be appointed as the Company's Managing Director for a period of ten
years. Last week, Ramu and Wilson passed a resolution at the board of directors'
meeting to remove Sam as the Managing Director of the company.
Sam seeks your advice regarding the legal position with reference to the provisions
in the Companies Act 1965 and cases.
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