Question
Star Sdn. Bhd. incorporated a subsidiary company named Designs Sdn. Bhd. Designs' does not have a board of directors and no employees but has a
Star Sdn. Bhd. incorporated a subsidiary company named Designs Sdn. Bhd. Designs' does not have a board of directors and no employees but has a registered office. Star transferred some of its challenging projects to Designs and recently one of the projects for a large incorporated company named Jinggle Sdn. Bhd. resulted into a loss as the wall papers ordered offshore were of very poor quality. Due to the negative feedback from Jinggle Sdn. Bhd., business at Designs declined drastically and the subsidiary was unable to compensate Jinggle for the losses sustained. Designs eventually had to be wound up. Jinggle Sdn. Bhd. have since brought a cause of action against Star Sdn. Bhd. instead for the losses. To make matters worst, Good Bank has petitioned for a winding up of Star Sdn. Bhd. for defaulting its loan for six consequetive months. It has been discovered that Jenny has yet to fully pay up the share she had subscribed from Star Sdn. Bhd.
Apply Malaysia company act 2016 and supporting law cases to support the answers.
(related separate legal entity)
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