问答题

问答题 (a) FGH Sdn Bhd is a prosperous manufacturing company. It is keen to purchase a piece of land in Ipoh for its new factory. Sapu, one of its directors, owns a piece of land in Ipoh, which is ideally suited for the company’s new factory. Sapu has offered to sell the land to FGH Sdn Bhd at its market price of RM2·5 million. The board of directors of FGH Sdn Bhd wishes to purchase the land but Jaga, its company secretary, has warned the board that the purchase of Sapu’s land would contravene the Companies Act 1965. The board seeks your advice regarding this matter. Required: Advise the board of FGH Sdn Bhd whether the proposed purchase of Sapu’s land would contravene the Companies Act 1965. (5 marks)

问答题 (b) Jane is an executive director of KLM Bhd, a prosperous printing company. Last week, Jane was diagnosed with a serious disease which needs surgery and a long stay in hospital. She has applied to KLM Bhd for a loan of RM100,000 from the company for her medical expenses. KLM Bhd informs you that it would like to help Jane but is unsure as to the legal position. Required: Advise KLM Bhd whether it is permitted under the Companies Act 1965 to make such a loan to Jane. (5 marks)