Question
The answers must be based on Companies Act 2016 Malaysia or equivalent legislation/ laws. In January 2019, Alan was appointed as a promoter for Malaysia
The answers must be based on Companies Act 2016 Malaysia or equivalent legislation/ laws.
In January 2019, Alan was appointed as a promoter for Malaysia Medical Supplies Sdn Bhd (MMS), a new company that manufactures masks, gloves and personal protective equipment (PPE) for medical use. To celebrate MMS' grand opening in March 2019, Alan ordered a congratulatory metal plaque worth RM2,000 from his sister's business. During MMS' general meeting in May 2019, its new directors Sonic and Amy declined to ratify the contract. Identify whether there is personal liability (against the promoter, Alan) in this situation. (5 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started