Question
Selamat Security Bhd. (the company) is a security system expert company and it designs and installs security systems for domestic and commercial purposes. The board
Selamat Security Bhd. ("the company") is a security system expert company and it designs and installs security systems for domestic and commercial purposes. The board of directors passed the following resolutions at a recent board meeting:
To award an interest-free loan to Maria, an executive director of the company, amounting to RM500,000 to purchase a double-storey terrace house at Kota Seri Emas as her home.
Advise Selamat Security Bhd. on any potential breach of director's duties or violation of any provisions of the Companies Act 2016.
Required to use Malaysia Corporate Law
Required to us ILAC method
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