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OMPANY LAW REFER TO COMPANIES ACT 1965 PLEASE ANSWER ANY TWO (2) QUESTIONS Question 1 Is the doctrine of "Separate Legal Entity" still relevant today?...
question 3 :
DDIE and ADA each holds 2000 preference shares in Sunshine Sdn Bhd (the company). They are the only preference shareholders in the company. The Article of Association of the company stated that preference shareholders have a right to a fixed dividend of 12% per annum. Last month the company convened a meeting of the ordinary shareholders and passed a special resolution altering the Article of Association to the effect that preference shareholder shall only have a right to fixed dividend of 8% per annum. EDDIE and ADA were later informed by the company that henceforth they would only be entitled to a fixed dividend of 8% per annum.
EDDIE and ADA are unhappy with the alteration and seek for your advice as to whether they can challenge the validity of the decision of the company.
Question 2 and Question 1 attached in attachment kindly download and complete it before 11am is it okay for you ?