Kim, Kourtney, and Khloe are the shareholders of Dash Closets Sdn. Bhd. The authorised capital: Business Law Home Work, HU, Malaysia
University | HELP University (HU) |
Subject | Business Law Home Work |
Kim, Kourtney, and Khloe are the shareholders of Dash Closets Sdn. Bhd. The authorised capital of the company is RM2.5 million. Kim has agreed to contribute RM900,000, and the remaining balance is split evenly between Kourtney and Khloe. Kim and Khloe have paid 60% of their shares, while Kourtney has paid up all her shares.
They decided to buy a shophouse in Kota Kinabalu, Sabah, which initially belonged to Kourtney. Upon completing the sale and purchase of the shophouse, a fire unfortunately destroyed it. Kim, Kourtney, and Khloe only recently realised that the unit’s insurance was still under Kourtney’s name. Meanwhile, Dash Closets Sdn. Bhd. could not pay its creditors, who now demand payment from Kim, Kourtney, and Khloe. Discuss the legal implication(s) in the above situation based on the Companies Act 2016 and decided cases.
Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.
Get Help By Expert
Looking for the best homework helpers in Malaysia for your Business Law assignments? Look no further! Our online assignment helper service caters specifically to Malaysia students, offering expert assistance tailored to your course needs
Recent Solved Questions
- OUMH1603: Critically about the evolving landscape of education and the skills necessary to thrive in the 21st century: Learning Skills For 21st Century, Assignment, OUM, Malaysia
- Nursing Assignment, UIM, Malaysia Describes the clinical evaluation process and outcome for creating a tool
- Strategic Entrepreneurship Assignment, SU, Malaysia Identify and discuss e-Pay Malaysia’s entrepreneurial orientation/behavior. Your discussion should include the dimensions
- NBNS1104: Discuss strategies to overcome adolescent pregnancies and reasonable steps to avoid the stigma: transculture in nursing Assignment, OUM, Malaysia
- BCS1107: ADVANCED WEB TECHNOLOGY Report, UiTM, Malaysia The objective of the assignment is to develop a web application using web 2.0 technologies
- BBM102: Microeconomics Assignment, WOU, Malaysia Consider Figure 1 below, which depicts the rubber market in Malaysia At the initial market equilibrium
- ELC501: English for Critical Academic Reading Essay, UiTM, Malaysia Social media users are finding themselves more stressed than ever from their time spent on these online platforms
- Science Report, MA, Malaysia A researcher wants to find a relationship between body mass index (BMI) and diabetes through blood glucose levels
- As the Chief Financial Officer (CFO) of a public listed company (property sector) in Bursa Malaysia, you are evaluating an investment opportunity in a new project in Cyberjaya, Selangor: Corporate finance, Assignment, Malaysia
- Principle of Marketing Report, UON, Malaysia Business knows that they cannot appeal to all buyers in their markets or at least not to all buyers in the same way