Question: CORPORATE LAW QUESTION a) Draft any TWO (2) rules that fulfill the requirement for the business judgement rules under the Companies Act 2016 by taking

CORPORATE LAW QUESTION

a) Draft any TWO (2) rules that fulfill the requirement for the business judgement rules under the Companies Act 2016 by taking into consideration the COVID 19 issue to ensure the rights of the creditors are protected.

b) Based on your answer in (a), discuss in detail how the rules able to protect the rights of the creditors of the company.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

15.4. In order to become an effective board, the majority of the board of director should be independent. Critically discuss the requirement of being 'independent director' as per required by Bursa...

Form 1125-A (Rev. 11-2018) Page 2 Specific Instructions Per-unit retain allocations. A cooperative Filers that use erroneous valuation is allowed to deduct from its taxable methods must change to a...

What to Consider When Going Through The Dissolution of a Business Due to COVID- 19 Posted on August 13, 2020 The ongoing COVID-19 pandemic has taken a major toll on businesses throughout the nation....

\fDiscussion posts on Eli Lilly Case open statement Post 1 - What the consumer is looking for really using? It can be so tricky for a company to truly define the \"very final\" use of the product /...

I have to do an accounting assignment. I have attached the instructions, the questions, and pdf's containing the information requested for the questions. Company Estimates & Opinions Sanmina Corp...

PROGRAMME HANDBOOK: JANUARY 2016 INTAKE ASSIGNMENT 2: HUMAN RESOURCES DEVELOPMENT Read the case study below and answer the questions that follow. National HRD in Finland, Russia, and South Africa...

COURSE TITLE ; CORPORATE LAW ANSWER ALL QUESTIONS. 1. Read the article below and answer the following questions. What to Consider When Going Through The Dissolution of a Business Due to COVID- 19...

Opening Statement for Defense The 1948 U.S. Presidential election was a hard fight for Harry Truman. No one thought he had a shot and the folks at the Chicago Daily Tribune didn't think so either. At...

first document is journal article, according to this document 1 answer document 2 questions \fCritical Perspectives on Accounting 27 (2015) 118-128 Contents lists available at ScienceDirect Critical...

a. Determine the phasor V when I s = 0. b. Determine the phasor V when V s = 0. c. Determine V, and calculate the average power absorbed in the resistors when V s = 4?0 V and I s = ?2?0 A. d. What is...

A uniform disk with radius 1 m is to be cut by a line so that the center of mass of the smaller piece lies halfway along a radius. How close to the center of the disk should the cut be made? (Express...

Energy Ltd made a takeover bid for all the issued voting shares of Petroleum Ltd offering 3 Energy Ltd shares for every 2 Petroleum Ltd shares ( i . e . at 3 : 2 script offer / share exchange ) . The...

anyone describe these case study 8.7 8.8 8.9 based in what you have read please ? CHAPTER 3 Intellectual Property Rights 157 trademark, copyright, patent, or trade secret for certain America Invents...

1. Background knowledge of the subject and

4. What specific changes in the environment have taken place in relation to the information we have collected?

2. The purpose of the acquisition of the information.