Indah Sdn. Bhd. is a company that operates the business of manufacturing and exporting furniture. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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)
Expert Answer:
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
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
Posted Date:
Students also viewed these accounting questions
-
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
-
Question 1 This question has two parts, (A) and (B). Answer both parts. 100% Liverpool plc is a company that manufactures a number of different types of electrical goods and has a year end of 31...
-
Solve the inequality. Write the solution in interval notation. |15 = x < 7
-
The following are selected balance sheet accounts of Zach Corporation at December 31, 2017 and 2016, as well as the increases or decreases in each account from 2016 to 2017. Also presented is...
-
Refer to the data in ED- 2. Per Share 12/ 31/ 2015..$ 24 12/ 31/ 2016.31 Required: Assume that MetroMedia management purchased the Mitek stock as trading securities. Prepare the journal entries...
-
What is a membrane potential?
-
Financial statement data of American Traveler Magazine include the following items: Cash . . . . . . . . . . . . . . . . . . . . . . $ 23,000 Accounts receivable, net . . . . . . . 79,000 Inventories...
-
7. What is the output of the following code snippet? public static void main(String[] args) public String strl; strl "one_step_for_man"; String str2 strl.substring(4, 11); System.out.println(str2);
-
Greyon Inc. operates an active business. Financial statements for the year ended December 31, 2021 report a net income before taxes of $300,000. The following additional information is provided: 1....
-
Assume a US annual interest rate of 8% and a European annual interest rate of 6%. If the spot rate for the USD-EUR is 0.74 and the forward rate is 0.73. Do we have an arbitrage opportunity? Where...
-
It is preferred to have a savings account with annual compounding rather than monthly compounding. (Explain)
-
Topic: Fairmont Mount Kenya Safari Club Introduce and describe the resort in terms of location etc. Explain the major activities and facilities at the resort? What type of Food and Beverage outlet...
-
what extent do norms reflect power dynamics and social hierarchies within societies, and how do they reinforce or challenge existing structures of privilege and oppression?
-
Please develop/provide an example scenario that illustrates the place that still exists in the Project Management landscape for formal structured Project Management that places an emphasis on...
-
Critically discuss the efficacy of the current corporate rules on directors' duties. This is question from UK COMPANY LAW provide some details and acts that would assist this.
-
ACE inhibitors are often used to treat hypertension How would taking an ACE inhibitor_____ vessel diameter and ________ urine output. increase decrease increase increase decrease Increase decrease...
-
What is an access control list?
-
Jean-Luc, the taxpayer in this case, was experienced in retail real estate, having originally been employed by a fast-food chain of restaurants. His duties were to locate, acquire and open...
-
Carl owns 100% of the issued shares of Compunet. He incorporated Compunet earlier this year to provide computer consulting services to Vitamins Inc., a retailer of energy-producing vitamins. Prior to...
-
Elijah Pitts operates a simple but profitable business as a proprietorship. Given the level of profits he is attaining, he would like to incorporate. The latest balance sheet of his proprietorship...
-
What accounts for the disparity in NPMO between the statistical 6 and the popular Six Sigma approach?
-
What is the most common use of stratification?
-
What purpose is served by flowcharts?
Study smarter with the SolutionInn App