Question
The shareholders of Santori Sdn Bhd are Sunny, Terri and Ratna. Santori Sdn Bhd holds all the shares in Kotor Bhd and in Bersih Bhd.
The shareholders of Santori Sdn Bhd are Sunny, Terri and Ratna. Santori Sdn Bhd holds all the shares in Kotor Bhd and in Bersih Bhd. Kotor Bhd holds all the shares in Gelap Bhd and controls the composition of the board of directors in Terang Sdn Bhd. Gelap Bhd holds 50% of the shares in Bright Bhd and 49% shares in Dark Bhd. Bright Bhd holds all the shares in Chop Bhd. Bersih Bhd controls the composition of the board of directors in Cut Sdn Bhd and holds 50% of the shares in Aiyoh Sdn Bhd. Cut Sdn Bhd holds all the shares in Cry Bhd.
(a)You are required to name:
(i)The wholly-owned subsidiaries of Santori Sdn Bhd.
(ii)The ultimate holding company of Dark Sdn Bhd.
(iii)The related companies of Bersih Bhd.
(b)Sunny was informed by his daughter, Cally, who is currently studying Company Law that there is a possibility that Santori Sdn Bhd is not required to have its accounts audited and filed with the Registrar of Companies. You are required to advise Sunny whether the information given by Cally is correct.
(c)Santori Sdn Bhd has three members, namely Sunny, Terri and Ratna. Recently, Ratna offered to sell her shares to Jelly Sdn Bhd. Jelly Sdn Bhd wrote to the board of directors of Santori Sdn Bhd for their commitment to register the shares in Jelly Sdn Bhd's name if Jelly Sdn Bhd were to buy the shares. You are required to advise the board of Santori Sdn Bhd on the consequences of Ratna selling her shares to Jelly Sdn Bhd.
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