Company Law

Manjit was assigned to incorporate a company by Malik and Michael. Who is Manjit?

• Director

• Promoter

• Shareholder

• Subscriber

Below are the requirement to be a director EXCEPT?

• Full age

• Sound mind

• disqualified under the Companies Act 2016

• be a naturla person

Joseph suffer lung cancer and he cannot hold the office as the director of Sutera Sdn Bhd well. On 20th June 2021, he died. Advise Sutera Sdn Bhd.

• Joseph position as the company director can be vacate accordance to the Companies Act 2016

• Joseph position can be replace by aby of his children

• The company can remove Joseph from his position

Below are directors duties EXCEPT?

• Duty to monitor

• Fiduciary duties

• Duties of Care, SKill and diligence

• other statutory duty

•A director, Mr Roith, entered into a service contract with his company providing for pension to be given to his wife in the event of his death without taking into consideration as to whether the contract was for the benefit of the company. The object of the contract was considered not to be binding on the company as it did not benefit the company but Mrs Roith.

What is the vital issue in the case of Re W & M Roith Ltd?

• failure to act as director

• Eye test

• failure to act bona fide for the best interest of the company

• failure to give judgment for the best interest of the company

Roslan is the director of Ribena Sdn Bhd. As a director, he always deal with many suppliers who wants to have business with Ribena Sdn Bhd. QRS Sdn Bhd would like to supply blue grapes to Ribena Sdn Bhd. Roslan on the other hand ask his another company WWW Sdn Bhd to accept QRS Sdn Bhd whereas Roslan is also one of the director of WWW Sdn Bhd.

Advise.

• Roslan can be remove as the director of the company

• Roslan has conflict interest as the director whereby he used his position as director and corporate opportunities

• Roslan has acted in bona fide while perform his duty as director to WWW Sdn Bhd

• Roslan has use his skill and knowledge while giving judgement to the company

Director has no power to vote in the board of meeting.

• correct

• incorrect

According to Section 218 (2) of the Act 2016, an officer or agent or officer of the Stock Exchange who commits a breach of this section shall be?

• Imprisonment for five years or thirty thousand ringgit.

• Imprisonment for 10 years or thirty thousands ringgit

• Whipping of 10 strokes and thirty thousands ringgit

• Whipping of 5 strokes and thirty thousands ringgit

Morgan was no longer as the company's director as his term has expired and was not re-elected. However, she continued to participate in the management as if she were the director.

2 shareholders question about her position.

Ali, the company secretary advise the shareholders that she can be the company director though there is no re appointment.

What type of director is Morgan?

• Shadow Director

• De Factor Director

• Non Executive Director

• Independent Director

If a director wants to undischarged bankrupt, what he need to do?

• get a leave from the official receiver or from the court

• get a leave from the office

• get a leave to go for vacation

• get a leave from the Ministry of Finance