Twinkie, lala and dipsy are siblings.

Twinkie, Lala and Dipsy are siblings. In order to secure the future of his brothers, Twinkie formed a company and carried out their family business.

law

Description

QUESTION E

Twinkie, Lala and Dipsy are siblings. In order to secure the future of his brothers, Twinkie formed a company and carried out their family business. All three of them became members and directors of the company. Prior to the company’s incorporation, Twinkie ordered office furniture from Lulu. The furniture was later delivered to the company and Lulu claimed for payment. Lala and Dipsy refused to accept the delivery and asked Lulu to take back her furniture. https://proficientacademichelpers.com/s-you-progress-through-the-modules-of-the-course-you-are-learning-how-the-unite/ Lulu was furious and insisted that the company is liable for payment.

At the beginning of the company’s business, Twinkie advanced an amount of RM25,000.00 to cover all the administration expenses of the company. After several years, the company’s business grew rapidly. Twinkie wished to have his money back. Lala and Dipsy declined his request. According to them, the company is technically Twinkie’s since he holds 85% of the total issued shares in the company.

On 28th. August 2019, a resolution was passed to alter the company’s constitution in respect of signatories on the company’s cheque and account. Formerly, the constitution stated that, “any withdrawal of money from the company’s account which exceeds the amount of RM10,000.00, shall requires signature from THREE directors”. Under the alteration, only TWO directors need to sign and authorise the transaction. The resolution further stated that the alteration shall take effect THIRTY days from the date of the resolution. On 18th. September 2019, the company’s cheque for an amount of RM15,000.00 was issued to Poh. The cheque was signed by Lala and Dipsy. https://samples.eliteacademicessays.com/project-plan-for-a-drug-counseling-agency/

Analyse the above scenario based on the Companies Act 2016 and relevant decided cases.

Continue to order Get a quote

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Custom-written and plagiarism-free papers: Our authors create their work from scratch. Before presenting them to clients, we routinely verify them for signs of plagiarism. Our quality assurance group also double-checks and fixes any grammatical errors, assuring that all of our authors adhere to the same standards of writing.
The significance of timely delivery cannot be overstated, and we consistently strive to meet or exceed our clients' deadlines. Regardless of the short time frame, you can count on our writers to get the job done. We always have a team of writers ready to go, even if the deadline is only six hours away.
Customer Satisfaction: Our customer service representatives are the best in the business and have a wealth of knowledge in dealing with clients. All our customer service representatives are trained to listen and reply promptly until you are satisfied with their service. To ensure you're happy, our expert writers will strictly follow the criteria to generate a special report. Our customer service may be contacted by chat, email, or phone. In addition, we provide round-the-clock assistance to all of our clients.
Confidentiality: Our systems are safe, and your information is always protected. We're constantly looking for new facts when it comes to finishing your work. We use a safe and secure payment channel. Since our ordering process is completely anonymous, you don't have to provide any credit card information to place a purchase with us.
Highly Trained Authors: Our writers have received extensive training and are committed to delivering only the best papers. They are fluent in APA, MLA, HARVARD, IEEE, CHICAGO, and AMA referencing styles. To meet your expectations, our skilled writers always pay close attention to your instructions.
Lowered prices: We have set prices that are already discounted. Our prices are the best and affordable for all our esteemed customers.

Twinkie, lala and dipsy are siblings.