50marks

question b only. 50 marks

VIVUNIY Anu Tuule uests of the partnership. (ii) Explain whether June can successfully obtain an order of dissolution of the partnership on the ground of Diana's current physical condition. (b) Kaya Sdn Bhd wishes to make a loan of RM300,000 each to Choong and Balu to enable them to acquire a home. Choong is a full time salaried director of Kaya Sdn Bhd. Balu is a non- executive director of Kaya Sdn Bhd. Advise Kaya Sdn Bhd whether it is permitted by the Companies Act 2016 to make the loans stated above. (a) Diana and June are partners in a partnership firm trading under a business name "Gym Power'. The firm operates a gym wherein both Diana and June are gym instructors. Last month, Diana was involved in a road accident and suffered severe injuries. She is now unable to walk and is confined to a wheelchair. Diana intends to cease from being a partner of Gym Power. She also wishes to ensure that she will not be liable for existing and future debts of the partnership. Answer the following questions: (i) Explain the steps that Diana should take to ensure that she will be released from liability of the partnership's existing and future debts of the partnership. (li) Explain whether June can successfully obtain an order of dissolution of the partnership on the ground of Diana's current physical condition. (b) Kaya Sdn Bhd wishes to make a loan of RM300,000 each to Choong and Balu to enable them to acquire a home. Choong is a full time salaried director of Kaya Sdn Bhd. Balu is a non- executive director of Kaya Sdn Bhd. Advise Kaya Sdn Bhd whether it is permitted by the Companies Act 2016 to make the loans stated above. act and if so, against Question 3 (a) Diana and June are partners in a partnership firm trading under a business name 'Gym Power'. The firm operates a gym wherein both Diana and June are gym instructors. Last month, Diana was involved in a road accident and suffered severe injuries. She is now unable to walk and is confined to a wheelchair. Diana intends to cease from being a partner of Gym Power. She also wishes to ensure that she will not be liable for existing and future debts of the partnership. Answer the following questions: (1) Explain the steps that Diana should take to ensure that she will be released from liability of the partnership's existing and future debts of the partnership. (ii) Explain whether June can successfully obtain an order of dissolution of the partnership on the ground of Diana's current physical condition. (b) Kaya Sdn Bhd wishes to make a loan of RM300,000 each to Choong and Balu to enable them to acquire a home. Choong is a full time salaried director of Kaya Sdn Bhd. Balu is a non- executive director of Kaya Sdn Bhd. Advise Kaya Sdn Bhd whether it is permitted by the Companies Act 2016 to make the loans stated above. 2 STRICTLY CONFIDENTIAL