Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are working in a secretarial firm. One of your clients, Jessica intends to set up a private limited company under Companies Act 2016. Jessica

You are working in a secretarial firm. One of your clients, Jessica intends to set up a private

limited company under Companies Act 2016. Jessica would like to seek your advice whether or not the

company shall adopt a company's constitution.

Jessica has provided you with the following information:

The company is a joint venture company with two shareholders, Ali Sdn. Bhd. and

Grow Sdn. Bhd.

Ali Sdn. Bhd. will hold 49% shares whereas Grow Sdn. Bhd. will hold 51% shares in

the company.

Advise Jessica accordingly.

Note to students:

Your answer shall consist:

Three (3) reasons based on section(s) in the Companies Act 2016 to support your advice.

1000 w

Corporate Law CA 2016

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

Constitutional Law For A Changing America Institutional Powers And Constraints

Authors: Lee J. Epstein, Kevin T. McGuire, Thomas G. Walker

11th Edition

1071822128, 978-1071822128

More Books

Students also viewed these Law questions

Question

Why should salespeople plan their sales calls? AppendixLO1

Answered: 1 week ago

Question

Describe the Gestalt approach to the mind brain problem.

Answered: 1 week ago

Question

Personal role: This consists of service to family and friends.

Answered: 1 week ago

Question

The role of life: It consists of your own service to yourself.

Answered: 1 week ago