Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wow Company Sdn Bhd is a company having business activities in the construction industry. Aidil, Zul and Hafizi are the directors of the company. In

Wow Company Sdn Bhd is a company having business activities in the construction industry.

Aidil, Zul and Hafizi are the directors of the company. In March, they secured a project to build

a railway train in Pasir Gudang, notwithstanding the fact that the company is also negotiating

for the project. As they were also the majority shareholders of the company, they passed a

resolution to declare that the company had no interest in the said project. Kamal, who holds

5% of the company's shares has objected to the said resolution.

However, the objection raised by Kamal has created insecurity for Aidil, Zul and Hafizi as the

directors and majority shareholders of the company. They subsequently passed another

members' resolution to alter the company's constitution. The resolution would require Kamal

to sell his shares if requested by the member[s] that are holding 90% of the company's shares.

This was carried out with the intention to remove the minority shareholder, which is Kamal.

Kamal, being dissatisfied with the above action, wishes to take a legal action against the

majority shareholders. Advise Kamal.

(20 marks)

What is the issue, Law, Application and Conclusion for this question?

I hope I can get this answer by evening 1st February 2021.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tort Law And Alternatives Cases And Materials

Authors: Marc Franklin, Robert Rabin, Michael Green, Mark Geistfeld, Nora Engstrom

11th Edition

164708489X, 978-1647084899

More Books

Students also viewed these Law questions

Question

Define Administration and Management

Answered: 1 week ago

Question

Define organisational structure

Answered: 1 week ago