Question: Answer ALL questions. Each question carries 10 marks. Explain judicial management with reference to the case of Re Leadmont Development Sdn Bhd [2018] MLJU 1320.
Answer ALL questions. Each question carries 10 marks.
- Explain judicial management with reference to the case of Re Leadmont Development Sdn Bhd [2018] MLJU 1320.
- John is appointed the company secretary of Happy Berhad. He is instructed by the board of directors to change the companys name. Describe the requirements on the notice of meeting to change name.
- Kumar, director of a private company, sold one of the companys properties and received commission. Based on the facts, discuss the fiduciary functions of directors with reference to relevant cases and Companies Act 2016.
- A floating charge may be created by a company to secure debentures. Elaborate on the floating charge, crystallisation, and registration of the companys stock.
- In relation to Companies Act 2016, discuss the procedure to reduce share capital of a company.
- Explain pre-incorporation and provisional contracts. State under what circumstances a company is bounded by each contract.
- Elaborate the main duties of a substantial shareholder.
- The prospectus issued by Sun Berhad has a wrong statement about the companys assets. Based on the fact, discuss the procedure to rectify the material error in the prospectus.
- Explain difference between the share capital and loan under the Companies Act 2016.
- Elaborate the effect of having a company constitution.
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