In January 2015, Radius Orange Sdn. Bhd was incorporated with a sole objective of manufacturing and selling electrical
Posted: Tue Apr 12, 2022 10:51 am
In January 2015, Radius Orange Sdn. Bhd was incorporated with a sole objective
of manufacturing and selling electrical products in Malaysia. Their company
directors namely Mr. Plum, Mr. Lemon and Dato' Ciku. In December 2019, a
meeting was held to approve a loan amount RM 1,000,000.00 to Dato' Ciku to
purchase a luxury condominium and a yacht for his position as a director.
Mr. Manggis, the secretary of the company, seeks your advice whether Radius
Orange Sdn. Bhd can provide such loan to Dato’ Ciku? (15
marks)
issue:
Law:
Application:
conclusion:
of manufacturing and selling electrical products in Malaysia. Their company
directors namely Mr. Plum, Mr. Lemon and Dato' Ciku. In December 2019, a
meeting was held to approve a loan amount RM 1,000,000.00 to Dato' Ciku to
purchase a luxury condominium and a yacht for his position as a director.
Mr. Manggis, the secretary of the company, seeks your advice whether Radius
Orange Sdn. Bhd can provide such loan to Dato’ Ciku? (15
marks)
issue:
Law:
Application:
conclusion: