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Yeecon Bhd was incorporated on 1St June 2000. The Board of Directors is made up of Yasir, Ah Yau and Yuvan. Each of the directors
Yeecon Bhd was incorporated on 1St June 2000. The Board of Directors is made up of Yasir, Ah Yau and Yuvan. Each of the directors holds 5% of the company's issued share capital. Yamin who is an ordinary shareholder holds the remaining number of shares. The following events have taken place: (a). At a recent Board of Directors meeting, the directors decided to wind up the company. The Board of Directors now wishes to make an application to the cent for a compulsory winding up. Yamin claims that only shareholders can decide to wind up the company under S.4S(1)(a). Advise the Board of Directors. (b). Assume application to wind up the
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