Indah Sdn. Bhd. is a company that operates the business of manufacturing and exporting furniture. The...

 

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Indah Sdn. Bhd. is a company that operates the business of manufacturing and exporting furniture. The company has issued 1.2 million shares, all fully paid shares. Jamal and Jenny hold equal shares, 600,000 shares each. They are in the opinion that a meeting should be convened in order to discuss additional issuance shares by an ordinary resolution. Based on the facts above, advise manners on how to conduct the meeting. In the course of your answer, identify the most suitable types of meeting and whether Jamal and Jenny can initiate this meeting should the directors refused to convene the meeting. Support your answer with relevant sections in Companies Act 2016 and decided cases (if any). (20 marks) Indah Sdn. Bhd. is a company that operates the business of manufacturing and exporting furniture. The company has issued 1.2 million shares, all fully paid shares. Jamal and Jenny hold equal shares, 600,000 shares each. They are in the opinion that a meeting should be convened in order to discuss additional issuance shares by an ordinary resolution. Based on the facts above, advise manners on how to conduct the meeting. In the course of your answer, identify the most suitable types of meeting and whether Jamal and Jenny can initiate this meeting should the directors refused to convene the meeting. Support your answer with relevant sections in Companies Act 2016 and decided cases (if any). (20 marks)

Answer rating: 100% (QA)

Based on the scenario provided where Jamal and Jenny collectively hold half of the issued shares of Indah Sdn Bhd and wish to convene a meeting to discuss the issuance of additional shares by ordinary ... View the full answer